Northern Rock bosses face public questioning

Bosses at Northern Rock will face their toughest grilling yet today as they prepare to publicly answer MPs regarding the recent crisis which has engulfed the mortgage lender.

Chief executive Adam Applegarth and chairman Matt Ridley will be quizzed by the Treasury Select Committee regarding their handling of the bank’s business which forced the group to turn to the Bank of England to remain solvent, resulting in the first run on a British bank for 150 years.