November 6, 2007

Bank of England cautioned govt on Northern Rock takeover (AFP)

Customers queue outside a Northern Rock branch in Bromley, September 2007. Britain's government had an opportunity to help finance a takeover of troubled mortgage lender Northern Rock by rival Lloyds TSB but the Bank of England warned against the consequences of such a move.(AFP/File/Ben Stansall)AFP – Britain’s government had an opportunity to help finance a takeover of troubled mortgage lender Northern Rock by rival Lloyds TSB but the Bank of England warned against the consequences of such a move, it emerged Tuesday.

Permalink • Print

Trackback uri

http://www.jolinszsells.com/118/bank-of-england-cautioned-govt-on-northern-rock-takeover-afp/trackback/