David Andrew Jones, who was finance director at Northern Rock when the bank collapsed in 2008, has been severely reprimanded and ordered to pay £3,620 costs by the ICAEW for committing acts likely
Northern Rock
David Jones, the former finance director of Northern Rock has been fined £320,000 and banned from working for a regulated entity by the Financial Services Authority (FSA).
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This week the government doubled its investment in bailing out the already part nationalised RBS and Lloyds Banking Group, injecting a further £37bn into the ailing banks.
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Ann Godbehere, formerly financial director at Swiss Re, has announced her intention to step down from her role at nationalised Northern Rock.
Having rejected rescue plans by Northern Rock’s management and Sir Richard Branson’s Virgin Group over the weekend, the government on Monday formally took Northern Rock bank into public ownership a
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The nationalisation of Northern Rock will earn the same condemnations as that of Railtrack in 2001. Alan Shipman reports.
A late applicant may supplant Virgin as preferred rescuer for Northern Rock, after winning the support of stranded shareholders.
HM Treasury today confirms that the guarantee arrangements for existing deposits in Northern Rock PLC would cover all accounts existing at midnight on Wednesday 19 September.
