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Northern Rock Customers Crowd Branches, Withdraw Cash (Update3)
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| Contributor | Karma Policeman |
| Last Edited | Karma Policeman Sep 14, 2007 11:30am |
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| Category | News |
| News Date | Friday, September 14, 2007 05:30:00 PM UTC0:0 |
| Description | Sept. 14 (Bloomberg) -- Hundreds of Northern Rock Plc customers crowded into branches in London today to pull out their savings after the mortgage-loan provider sought emergency funding from the Bank of England.
``It's scary,'' said Peter Pye, 60, a retired university lecturer standing in a line of about 30 people outside the Moorgate branch in the financial district. ``I have my life's savings in Northern Rock.'' He said he would withdraw a ``six- figure'' sum and leave 5,000 pounds in the account. |
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