Northern Rock Running to the rescue

Northern Rock: The Northern Rock debacle has turned into something of financial celebrity auction. It’s remarkable how many heavyweights want to be associated with a bank that would be out of business, were it not for a full government guarantee of retail deposits and at least £20bn of loans from the Bank of England. Sir Richard Branson first offered his own high-profile name, and then added Sir George Mathewson as a special advisor. Sir George retired last year as chairman of Royal Bank of Sc...