People with accounts at the Northern Rock have withdrawn almost £2bn since Friday, the BBC's business editor Robert Peston has learned. And the firm, is bracing itself for more withdrawals in the coming days.
It is also understood that the Northern Rock was close to being sold to one of two UK banks before it sought emergency funding from the Bank of England.
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It is also understood that the Northern Rock was close to being sold to one of two UK banks before it sought emergency funding from the Bank of England.
full story
