BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 16:32 GMT, Monday, 15 September 2008 17:32 UK

Northern Rock: One year on

Paul Lewis with Chris Jary, director, Action for Debt, outside a Northern Rock branch in Newcastle
BBC Radio 4's Money Box
Saturday, 13 September
at 1204 BST
On Radio 4 and Online

One year on from the run on the Northern Rock bank, Paul Lewis went to Newcastle to assess how its savers, borrowers and shareholders as well as staff and the community were doing - and what the future might hold.

Northern Rock is now nationalised, but it used to be more than solely a bank for the people of Newcastle - it was a provider of jobs, a donor to charity, and a sponsor of the rugby and football clubs.

Among those Money Box talked to were Ron Sandler, executive chairman of Northern Rock.

We also heard from local people who had been affected by the bank's troubles - asked about the true impact on the region, and discussed with a financial adviser how people with mortgage or savings problems could find a solution.

And what are implications for the rest of the UK - has banking changed forever and have lessons been learnt about how to deal better with similar crises?

Further information/related stories:


BBC Radio 4's Money Box was broadcast on Saturday, 13 September 2008 at 1204 BST.

The programme was repeated on Sunday, 14 September 2008 at 2102 BST.



SEE ALSO
External links and helplines
12 Sep 08 |  Moneybox

RELATED BBC LINKS


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific