7th largest bank in England now may be in trouble.
http://www.alliance-leicester-group.co.uk/html/shareholder/share_price.asp
Concerning Northern Rock. Interesting videos.
http://www.youtube.com/watch?v=DiRFmgOz0Dc&mode=related&search=
http://www.youtube.com/watch?v=EyVk8EI6asQ http://www.youtube.com/watch?v=plPI1lGTe4M&mode=related&search=
After the bell closed though the Bank of England is stepping in with some heavy ammunition.
The chancellor of the exchequer, Alistair Darling, this evening promised that the government will guarantee all savings deposits at Northern Rock amid concern that Britain is plunging into its worst banking crisis in decades.
Full article here. http://business.guardian.co.uk/story/0,,2171255,00.html
All this while the U.S. equity markets sort of wink at it finishing down about .5%.
I don't think Australia guarantees any deposits.
Little fires are popping up all over the place as the fireman from the government are getting run ragged jumping from location to location.
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