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n.rock - the outlook for potential investors?

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  • ianmr65
    ianmr65 Posts: 596 Forumite
    http://www.ft.com/cms/s/0/018ba42a-00a7-11dd-a0c5-000077b07658.html?nclick_check=1

    Here are the details of the EU Inquiry, which seeks to ensure that the restructuring plan put forward for Northern Rock – which includes government guarantees on funding operations in the deposit and wholesale funding markets – does not give the bank an unfair competitive advantage over it's business rivals.

    It is expected to report within 4-5 months, and could force NR to pay back the aid package a lot quicker than planned, which would probably effect rates more than somewhat.
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