The Financial Blog

So what’s the best course of action for a bank that is losing money hand over fist and needs the government to help it out to avoid leaving thousands of customers in trouble?

That’s right - pay a £59 million dividend to shareholders because of the great job they’ve done!

The dividend was announced in July and Northern Rock have stated that the payout will still stand even though the bank is in crisis.

Surely someone will step in and stop this madness?

This entry was posted on Wednesday, September 26th, 2007 at 10:53 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.