Bailed-Out Northern Rock Still Made Risky Loans

U.K. mortgage lender Northern Rock continued to issue high-risk loans even after the Bank of England bailed it out, according to the National Audit Office.

  • 20 Mar 2009
U.K. mortgage lender Northern Rock continued to issue high-risk loans even after the Bank of England bailed it out, according to the National Audit Office. In its report, the NAO noted that some of the loans were for up to 125% of the property’s value. The report also ...

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3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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