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The Collapse of Northern Rock
Customers queued for hours to take their savings out, fearing the mortgage lender was about to go under. The Bank of England had to step in to support it. It was the first sign in Britain of the coming global financial crisis.
Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images
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By BBC World Service
5
77 ratings
Customers queued for hours to take their savings out, fearing the mortgage lender was about to go under. The Bank of England had to step in to support it. It was the first sign in Britain of the coming global financial crisis.
Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images
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