May Business Update, by Andrew Lake

“It’s clear that the catalyst for events in the UK was the fall of Northern Rock in September last year. Brian Walters worked for Northern Rock from 2005 until early 2008, after 36 years in the banking industry. His first-hand account of the rise and fall of the bank is the view from the eye of the storm, and, while he doesn’t defend the bank’s mismanagement, he still has good memories of his time there.”