Northern Rock crisis
People queueing outside branch of Northern Rock bank
Page last updated at 09:15 GMT, Monday, 23 March 2009
Queue outsiode Northern Rock branch in 2007
The Treasury is criticised for allowing Northern Rock to lend 800m in risky mortgages after it was rescued.


ROCK BASICS
Nationalisation: The Rock entered public ownership on 22 February 2008
Losses: The Rock made a loss of 1.4bn in 2008
Borrowers: Some 17,264 mortgage customers (2.92%) were more than three months in arrears, a six-fold rise since 2007
Savers: Deposits with the Rock are 100% guaranteed


FEATURES, VIEWS, ANALYSIS

VIDEO REPORTS

HOW THE CRISIS UNFOLDED

The government's patience with Northern Rock seems to be running out, despite its chairman's call for cool heads.

ANALYSIS AND BACKGROUND

Nationalised bank Northern Rock made a loss of 1.4bn in 2008 following hefty write-offs on mortgage loans.

WHO'S TO BLAME?

Gordon Brown defends his actions on Northern Rock and denies losing his reputation for economic competence.




FEATURES, VIEWS AND ANALYSIS


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