Ten years ago one of the norths greatest Success Stories hit the wall. Tonight in a special programme we ask, why did Northern Rock rumble . This was a barrack which had been frankly run into the ground. The bank of englands top man tells us the bank of englands top man tells us he was stopped from a secret rescue to save it. My advice was very clear, that we should not reveal publicly the fact that we were going to lend to Northern Rock. And we meet the people who paid the price of the collapse. I was devastated. I didnt know how we were going to manage, how we were going to turn, and just thinking my vision to give him the best life possible under the circumstances was just suddenly wiped away. Im Chris Jackson and this is inside out. Ten years ago, this was the scene outside Northern Rock branches all over the country. Customers were desperate to get their money out. It was a classic run on the bank. In newcastle, Veronica Craig was trying to persuade people she had known for years
Wall. Tonight in a special programme we ask, why did Northern Rock rumble . This was a bank which had been frankly run into the ground. The bank of englands top man tells me he was stopped from mounting a secret rescue to save it. My advice was very clear, that we should not reveal publicly the fact that we were going to lend to Northern Rock. And we meet the people who paid the price of the collapse. I was devastated. I didnt know how we were going to manage, how we were going to turn, and just thinking my vision to give him the best life possible under the circumstances was just suddenly wiped away. Im Chris Jackson and this is inside out. Ten years ago, this was the scene outside Northern Rock branches all over the country. Customers were desperate to get their money out. It was a classic run on the bank. The queue came right along here from the entrance, around into hood street. In newcastle, Veronica Craig was trying to persuade people she had known for years not to abandon the ro
Ten years ago one of the norths greatest Success Stories hit the wall. Tonight in a special programme we ask, why did Northern Rock crumble . This was a bank which had been frankly run into the ground. The bank of englands top man tells me he was stopped from mounting a secret rescue to save it. My advice was very clear, that we should not reveal publicly the fact that we were going to lend to Northern Rock. And we meet the people who paid the price of the collapse. I was devastated. I didnt know how we were going to manage, how we were going to turn, and just thinking my vision to give him the best life possible under the circumstances was just suddenly wiped away. Im Chris Jackson and this is inside out. Ten years ago, this was the scene outside Northern Rock branches all over the country. Customers were desperate to get their money out. It was a classic run on the bank. The queue came right along here from the entrance, around into hood street. In newcastle, Veronica Craig was tryin
The failure of Northern Rock in 2007 seemed to be a one-off event. Instead, it was the canary in the coal mine for the global financial crisis, Irene Finel-Honigman writes.