The Failure of Northern Rock in the Light of Banking Economics and Regulation

Essay specific features

 

Issue:

Business

 

Written by:

Fred H

 

Date added:

January 4, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2229

 

Was viewed:

1520 times

 

Rating of current essay:

 
Essay content:

This made the Newcastle-based firm the highest profile UK victim of the global credit crunch that had been triggered by the sub-prime mortgage crisis in the US. The bank run on Northern Rock that followed was unprecedented in recent UK monetary history. The Overend Guerney crash of 1866 was the last recorded bank run in the UK, before Northern Rock lost over ?2 billion, starting on the 14th of September 2007...
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The Overend Guerney crash of 1866 was the last recorded bank run in the UK, before Northern Rock lost over ?2 billion, starting on the 14th of September 2007. Background The run on Northern Rock can be considered as the most vivid indication of the contagion that consumed the financial markets around the world...
displayed 300 characters

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