FSA fines and bans former Northern Rock Deputy Chief Executive and Credit Director

publication date: Apr 23, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

FSA fines and bans former Northern Rock deputy chief executive and credit director for misreporting mortgage arrears figures

Have you ever wondered what happened to some of those bankers that helped cause the credit crunch? With the election taking the headlines, the main news seems to have missed the fact that two people from Northern Rock (the first bank to hit trouble in 2007 in the UK) have been fined by the FSA for misreporting figures!

Read more about the action taken by The Financial Services Authority (FSA) against the former deputy chief executive and former managing credit director at NR.

If you're in the market for a mortgage or are struggling to pay your mortgage, then take a look at some of our articles and top tips:-

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