Northern Rock’s shares are continuing to rise gradually, more so after the recent announcement that any money that is deposited into an account in Northern Rock after September 19th, is to be protected by the FSA (Financial Services Authority), the Bank of England AND the Treasury.
The financial crisis of September has led to the criticism of the government and prompted a change in the way customers deposits are protected, which is no bad thing - hopefully something good will come out of the fiasco.
The latest set of figures is making the ailing bank look like a much more attractive buy-out prospect that it did last month, and there are now a few possible companies looking at placing a bid.
Read the full story here
Send This Page To A Friend
No comments yet.