US Subprime MortgageMarket (C): Global Credit Crunch and Crisis at Northern Rock



IBS CDC IBS CDC IBS CDC IBS CDC RSS Feed

Code : ECC0030

Year :
2007

Industry : Banking, Insurance and Financial Services

Region : US

Teaching Note: Available

Structured Assignment : Available

Buy This Case Study
OR
       

<< Previous

Introduction: On September 13th 2007, Northern Rock, one of UK's top-five mortgage lenders, requested the Bank of England (BoE), as lender of last resort , for an emergency financial support. BoE announced that it would. A Bank run began the following day as the panicked retail depositors, fearing that the bankmay become insolvent, withdrew their deposits. By September 18th 2007, the BoE had to step in and gave unconditional sovereign guarantee on all the retail deposits held by Northern Rock. Seven of its board members, including its chairman Matt Ridley and CEO Adam Applegarth, have resigned due to this crisis.

For Case Books Click Here >>

For Case eBooks Click Here >>

Case Excerpts >>


Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501203, Telangana, INDIA.
Mob: +91- 9640901313,
E-mail: casehelpdesk@ibsindia.org

2020-2025 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap