Banking Crisis
No doubt many of you have been awaiting today's Vickers report on reform of the British banking industry with baited breath; everyone wants to be able to stick their hard earned millions somewhere safer than under the bed.
It is of course, possible that some may have their dosh tucked away with the Northern Rock Bank. Back in 2008, it was problems with this bank that first indicated there was something seriously wrong. People were queuing up round the block for days on end to get there money out. At the time, the experts said this was the first run on a bank since the middle of the nineteenth century.
Except the experts were wrong. There was a run a a British bank in the early part of the twentieth century - just a hundred years ago this year. The run was soon contained and spread no futher than two towns. One was Sheffield and the other one was....aye, you've guessed it.
Here's a piece from the Times, 11th/March/1911:
Sorry it ain't a bit clearer; the bank in question is the Yorkshire Penny Bank - now, as the Yorkshire Bank, probably one of the strongest banks in the country
Last edited by Tealeaf; 12-09-2011 at 22:57.
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