Article: If I were a Northern Rock customer, I would not welcome the arrival of Richard Branson

Richard Branson has sent out a letter addressed to "Dear Northern Rock customers". After setting out the virtues of his bid for the ailing company, Sir Richard concludes: "I hope that you will continue to be a customer of our new and exciting bank."

Blimey. If I were a customer of Northern Rock, the very last think I should be looking for is excitement. It was exciting banking which got Northern Rock into such a mess in the first place. What any Northern Rock customer ought now to want is a prolonged period of boredom. Indeed, boring reliability is the attribute we generally hope to find in any bank manager, especially at times of great economic uncertainty. If you want excitement with your ...

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