FSA fines former Northern Rock finance chief
David Jones has been fined320,000 and banned from working in the City for misreporting mortgage arrears figures the third executive at the bank to face punishment for the episode
2010. July 27. 14:06
Northern Rock chief admits to 'catastrophic black mark' [Telegraph.co.uk] Aug. 28. Matt Ridley, the former chairman of the failed bank, says he is filled with remorse for what happened. Northern Rock returns with bond paying 4.5pc [Telegraph.co.uk] Aug. 13. Savers determined to get the best deal are looking to fixed-rate bonds. Northern Rock hit by exodus of depositors [Telegraph.co.uk] Aug. 3. Nervous savers have withdrawn nearly£2bn of deposits from Northern Rock since the removal of the state guarantee on the bailed-out lender earlier this year. FSA fines former Northern Rock finance chief [FT.com] Jul. 27. David Jones has been fined320,000 and banned from working in the City for misreporting mortgage arrears figures the third executive at the bank to face punishment for the episode Northern Rock angers brokers [BBC NEWS] Jul. 17. The state-owned bank Northern Rock Asset Management has been accused of treating its customers unfairly by mortgage advisers. Northern Rock compensation claims taken to European Court [Telegraph.co.uk] Jun. 16. Northern Rock's former shareholders are taking compensation claim to the European Court of Human Rights in a move that will string out their battle with the Government for another two years. Northern Rock plans job cuts [Telegraph.co.uk] Jun. 8. Northern Rock plans to cut as many as 650 jobs by the end of they year as the nationalised mortgage lender attempts to make itself more attractive for a potential buyer. Northern Rock 'bad bank' moves into profit [FT.com] Jun. 2. The nationalised bank's existing loan book records an underlying pre-tax profit as falling loan impairments and lower costs boosted its performance Savers with Northern Rock lose 100pc Government guarantee [Telegraph.co.uk] May 24. Thousands of savers with nationalised bank Northern Rock have lost the 100pc Government guarantee on their deposits. Bankers should not forget Northern Rock [Telegraph.co.uk] May 5. The banking lobby is working overtime, with warnings that proposed new capital rules will force banks to lend less thereby endangering the fragile recovery. Northern Rock CFO leaves over FSA investigation [Telegraph.co.uk] Apr. 21. Northern Rock, the nationalised lender, said its chief financial officer, David Jones, has left the company because of an investigation by Britain's financial regulator. Watchdog broadens probe into Northern Rock [FT.com] Apr. 19. The investigation into Northern Rock, the UK bank, by the City watchdog has been widened to investigate whether David Jones, Northern Rock's former finance director,...
