|
|
Article: Northern Rock customers in run on the bank
- Article from:
- Yorkshire Post
- Article date:
- September 14, 2007
CopyrightCopyright 2007 Yorkshire Post. Provided by ProQuest LLC. (Hide copyright information)
|
PANICKED Northern Rock customers have been queuing up to remove
their money after the company was forced to get emergency funding
from the Bank of England.
In classic "run on the bank" scenes, some were seeking reassurance
but most were looking remove their money.
Scenes across Yorkshire in which queues stretched along high
streets have been replicated outside Northern Rock branches
throughout the UK despite financial experts issuing statements
advising them to panic.
The company's website has also been hit by the volume of internet
bankers going online to transfer funds. Lengthy access delays and
growing frustration among customers forced Northern to issue
reassurance advising customers ...