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The Fall of Northern Rock Brian Walters

The Fall of Northern Rock By Brian Walters

The Fall of Northern Rock by Brian Walters


£10.99
Condition - Very Good
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Summary

Features the story of the rise of Northern Rock, becoming one of the respected and envied financial institutions in the UK, and its subsequent collapse. This book tells of the author's personal experiences at Northern Rock before, during and after the crisis. It also explores the causes of the crisis and whether it could have been avoided.

The Fall of Northern Rock Summary

The Fall of Northern Rock: An Insider's Story of Britain's Biggest Banking Disaster by Brian Walters

Some of the most memorable images of 2007 - if not of the decade - are those of people queuing outside branches of Northern Rock to withdraw their money. They are images from another age, or from another country, surely this could not have happened in the UK in the twenty-first century! But this is not how Brian Walters - author of The Fall of Northern Rock - remembers the bank. He, and likely many other employees, remember it as a good place to work, and is proud of its success and its role as the largest private sector employer in the north-east of England.This book is his inside story of the rise of Northern Rock, becoming one of the most respected and envied financial institutions in the UK, and its subsequent spectacular collapse. This book tells of his personal experiences at Northern Rock before, during and after the crisis, and comments on the events that unfolded around him and what impact they had on the business and the people within it. This first-hand account also explores the causes of the crisis and whether it could have been avoided. The Fall of Northern Rock is essential reading for anyone wanting to understand the story behind the first run on a British bank since 1866.

About Brian Walters

Brian Walters A.C.I.B. has worked in the banking industry for 36 years, having started his career at Barclays in 1971, moved up to the role of Corporate Manager in Coventry in 1992, and then moved to Leeds in 1999 as Head of Small Business for West Yorkshire. He joined Northern Rock in 2005 to manage the Yorkshire based Commercial Finance Division and was there throughout the turmoil of 2007, but left in early 2008 to join a major building society as a Senior Lending Manager with its Commercial Division. Brian lives in Harrogate with his wife and family.

Table of Contents

About The Author Introduction Starting at the Rock A Short History of Northern Rock The Commercial Finance Division Not a Good Start Going for Growth 2006 - A Year of Optimism and Growth The First Signs of Trouble A Short Period of Calm Behind the Scenes The Run on the Bank The Immediate Aftermath of the Run Northern Rock Directors Grilled by MPs Trying to Find a Solution The Preferred Solution - A Takeover Leaving the Rock Nationalisation Announced What Went Wrong? Appendices - Timeline - Chart of Northern Rock's Share Price - Chart of the Bank of England Base Rate vs LIBOR

Additional information

GOR001608310
9781905641802
190564180X
The Fall of Northern Rock: An Insider's Story of Britain's Biggest Banking Disaster by Brian Walters
Used - Very Good
Paperback
Harriman House Publishing
20080526
176
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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