Regulator Probing Rock's Former Finance Chief - Reports

The JournalApril 19, 2010

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Summary


ANOTHER former Northern Rock director is reportedly under investigation by City regulators over claims that he helped to hide bad debts from investors.

Reports yesterday said that former Rock finance director David Jones is being investigated by the Financial Services Authority, which last week dished out fines and bans to two former top executives at the Rock for hiding the extent of problem mortgages from shareholders.

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Extract


Regulator Probing Rock's Former Finance Chief - Reports

Northern Rock, which was nationalised two yeas ago, said it did not comment on named individuals, but a spok...

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