UK: Fears Over Northern Rock Solvency Swamps Bank's Website
Customers of the troubled Northern Rock bank have complained of problems accessing their online savings accounts because of massive demand.More here.
Savers have rushed to take money out of Northern Rock, amid concerns over its emergency Bank of England loan.
Its branches saw long queues of worried customers on Friday and Saturday.
Meanwhile, BBC business editor Robert Peston says a number of banks are considering a takeover of the bank - but no deal looks likely soon.
Northern Rock insists that the problems with its website are "entirely logistical" and "in no way related to the bank's solvency".
According to online customers the only way they can get to their money is via the internet, due to the terms of their accounts. But demand is so high that many cannot access the site.
(Props, techdirt.com.)
posted by Fergie @ 9/17/2007 04:20:00 PM
0 Comments:
Post a Comment
<< Home