Belfast Telegraph

Friday 31 July 2015

Chairman of Northern Rock quits

Published 19/10/2007 | 14:45

Northern Rock's chairman has quit.

The beleaguered mortgage bank has announced it has accepted Matt Ridley's resignation.

On Tuesday board members appeared before Britain's Treasury Select Committee.

They were asked to explain how they allowed the first run on a bank in more than a-hundred years.

Dr Ridley said then that he'd be prepared to leave if asked.

"He and the board now believe that in the interests of all stakeholders in the company, the time is right to accept his resignation as a director and chairman of the company," the company said.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph