Northern Rock – how the bank given the codename ‘Elvis’ changed the country – Sky News

Sky News

Northern Rock – how the bank given the codename ‘Elvis’ changed the country
Sky News
Banks stopped lending to each other, and Northern Rock simply didn’t have the reserves to keep going. In mid-August, it alerted the Financial Services Association that it didn’t have the money it needed. That message, in turn, went on to the Bank of

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