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Kinda like BoA did to CFC.
Brown admits that stricken Northern Rock could yet be nationalised
Last updated at 12:02pm on 16th January 2008
Gordon Brown delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.
Speaking after rebel shareholders failed in an attempt to gain a greater say in the future of the mortgage lender, the Prime Minister confirmed that the Government was now actively considering the option of taking it into public ownership.
Last updated at 12:02pm on 16th January 2008
Gordon Brown delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.
Speaking after rebel shareholders failed in an attempt to gain a greater say in the future of the mortgage lender, the Prime Minister confirmed that the Government was now actively considering the option of taking it into public ownership.