Nationalised UK bank Northern Rock appoints new chief executive
British bank Northern Rock has appointed the vice chairman of Barclays as its new chief executive. After 26 years at Barclays—the last two of which were as vice chairman—Gary Hoffman will replace Andy Kuipers. Kuipers, who has been with Northern Rock for 20 years, will be replaced at the beginning of October. Last September, Northern Rock suffered the first run on a British bank in over 100 years, and was forced to become nationalised. Today, Hoffman stated he would return the bank to private ownership "as a thriving, stable business". Some of
Source: Wikinews