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The Fall of Northern Rock: An insider's story of Britain's biggest banking disaster: An Insider's Story of Britain's Biggest Banking Disaster

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Author: Brian Walters
Publisher: Harriman House Publishing
Category: Book

List Price: ~~Ł10.99~~
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Rating: 3.0 out of 5 stars

6 reviews
Sales Rank: 53807

Media: Paperback
Edition: 1st edition
Number Of Items: 1
Pages: 176
Shipping Weight (lbs): 0.5
Dimensions (in): 8.4 x 5.4 x 0.6

ISBN: 190564180X
Dewey Decimal Number: 332
EAN: 9781905641802
ASIN: 190564180X

Publication Date: May 26, 2008
Availability: Usually dispatched within 1-2 business days
Shipping: International shipping available
Condition: Brand new book delivered in the UK in 2-3 days.

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Customer Reviews: Read 1 more reviews...

4 out of 5 stars

northern rock July 24, 2008
very readable account of the northern rock crisis - written from an insider`s perspective - jargon free, layman friendly.

1 out of 5 stars

Pointless doesn't begin.... July 17, 2008
What an awful book! This would never have got anywhere near published if it weren't for the exploitation of the special circumstances. Walters quite obviously has almost no knowledge of the organisation - I do (yes I work for them and know 1000% more than this guy and yet would still not be able to write a reliable book of events). He misses so many points - running into dozens - that are so fundamental to what went wrong, but known only to insiders, that he cannot possibly be relied on. He never mentions individuals, except the highest profile. He attributes all sorts of feelings to Adam Applegarth - they may well be correct - but he has no way of knowing as he appears to have done almost no research. He didn't speak to me, or anybody I know, so where does he form his opinion.

Ex banker thinks network staff know more than HO staff. He's wrong. He's probably confusing seeing the symptoms (for example, bad customer service) with understanding the causes - something that cannot be done from outside the head office environment. Though Walters wasn't even really part of the network anyway - he spent a short time in a very marginal and shrinking section of the business, geographically remote from where the important decisions were being taken.

1 out of 5 stars

A very poor read July 8, 2008
Hard to say how this was an insiders story. The author having only worked for NR for less than 3 years, can hardly know the ins and outs of the company. Quite a large portion of the book is dedicated to his own self promotion, in his role. Similarly, being only middle management, did not have access to management information about the crisis. Much of the information presented, was at best anectodal from news reports or simply taken from publications in the public domain, such as treasury select committee minutes and FSA publications. Likewise the author can't really give a full story, there is still much more to tell. His story ends, when the real story begun. A rat jumping a sinking ship and simply wanting to 'cash in'.

5 out of 5 stars

Ex-Banker June 13, 2008
1 out of 2 found this review helpful

A really good read. Having spent many years working in Banking, both in a branch network and Head Office, in my experience the Network staff often have at least as much, if not more, knowledge of what is going on in the business than those in a Head Office Department, quite on the contrary to the comment from `Still at the Rock'. Recommended.

1 out of 5 stars

An Inside Story? Or perhaps not May 30, 2008
2 out of 5 found this review helpful

How can this be a true insider's story? The author did not work at Northern Rock Head Office or have access to executive management so a lot of the detail on the run on the Bank is from information already in the public domain. The evidence of how much of an inside story it is can be gleaned from the fact that whilst the index includes reference to Bobby Robson there is no mention of three of the Executive Directors who had key roles in the Company in the midst of 'Britain's Biggest Banking Disaster'!