Magna Carta

Magna Carta and Bank Nationalisations

There was an interesting letter in the Financial Times on Saturday (14/6/2014) from Prof. Tim Congdon.  As a former Northern  Rock shareholder he pointed out that the latest results from Northern Rock Asset Management (the "bad" part of the bank that was left after the good part was sold off to Virgin) showed underlying profits of £1.16bn. So it has achieved profits of almost £3bn in the last 39 months and is likely to generate a few more billion before the ...