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Article: Savers return as crisis eases; Tide turns as Northern Rock weathers storm to see queues diminish, shares rise and accounts open.(News)
- Article from:
- The Journal (Newcastle, England)
- Article date:
- September 19, 2007
CopyrightCOPYRIGHT 2007 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: By Adrian Pearson
THE Northern Rock fightback began in earnest yesterday, as bosses declared themselves "delighted" with the public response to their battle for survival.
Yesterday the queues diminished, the share price rose and new accounts were opened, as The Journal and the North-East's business and community leaders stood firm to offer the bank their full support.
After a three-day run which saw more than pounds 2bn withdrawn, the Chancellor of the Exchequer's promise to compensate any losses if the bank collapsed appeared to have ...