Northern Rock to get Government help

Story link: Northern Rock to get Government help

Northern Rock seem to be the only bank at the moment bucking the trend at the moment, so if anything, they are certainly the bank we should be helping out.
Add to that the fact that Northern Rock have already proved themselves capable of getting themselves out of difficulty and we start to wonder why we are even helping anyone but Northern Rock.

Northern Rock to get Government help

The Treasury has yet to make a final decision on its plan for Northern Rock, but there are growing expectations in the City that the Government is planning a more radical capital injection than previously thought.
The move would represent a reversal on the policy of shrinking the nationalised lender as quickly as possible so that it could repay the Government’s £27bn loan. As part of the repayment efforts, the bank is currently making 2,000 employees redundant.