Northern Rock self imposed limitations

ClubMan · 3 Oct 2008

Wasn't sure where to post this but thought that this forum was the most appropriate:

http://news.bbc.co.uk/1/hi/business/7647914.stm

When it was nationalised, Northern Rock said it would limit its share of retail deposit balances to 1.5% of the market in the UK and 0.8% in Ireland. Its share of gross new mortgage loans would also be no more than 2.5% of the UK market, it said.

A number of media commentators advised savers to turn to Northern Rock at the weekend. Northern Rock does not advertise its 100% guarantee.

Guest124 · 3 Oct 2008

You would presume 0.8% refers to Rep. of Ireland but then again they could mean Northern Ireland. In another article BBC refered to Northern Ireland as part of Britain and then they spoke of mainland Britain. Some BBC experts on tv messed up as well concerning our guarantee and which banks included.

Northern Rock self imposed limitations

ClubMan

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Guest124

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