One bank that continues to have a serious ethical problem – though arguably they all do – is Northern Rock, the first financial failure to be bailed out with lots of our money.
Readers of Charity Matters, the Daily Telegraph and other top publications will know that caring Northern Rock has set up a separate company with some of its staff, Keilder Property Management Ltd, to profit from the misery of the customers to whom Northern Rock had enthusiastically lent impudently large sums to buy houses only to equally enthusiastically repossess them when the payments were not kept up. (Issue 10, MORE GRUBBING AT NORTHERN ROCK). Continue reading