Northern Rock's Irish customers urged not to panic
Friday, 14 September 2007
Print
Email
Irish customers of the British bank Northern Rock are being advised not to panic due to the company's financial difficulties.
Northern Rock has been forced to take out an emergency loan with the Bank of England due to the global financial fallout from the mortgage crisis in the US.
Around 25,000 Irish people have savings totally approximately €2.4bn with the bank.
However, Northern Rock is assuring them that their money is safe and the Consumers' Association says the Bank of England clearly has confidence in the company's long-term future.
Post a comment
Limit: 500 characters
View all comments that have been posted about this article
Offensive or abusive comments will be removed and your IP address logged and may be used to prevent further submissions. In submitting a comment to the site, you agree to be bound by BelfastTelegraph.co.uk's Terms of Use
Also in this section
- Mozy opens first international data centre in Ireland
- ECB leaves interest rates unchanged
- European Court finds anti-competitive behaviour among beef processors
- Ringtones most popular downloads among Irish mobile users
- Ryanair reports increase in passenger numbers