Saturday, September 15, 2007

Adam Applegarth: the man under the spotlight - Telegraph

Adam Applegarth: the man under the spotlight - Telegraph: "By Richard Fletcher and Philip Aldrick Last Updated: 9:25pm BST 14/09/2007 At the top of Northern Rock is Applegarth who might just as well be managing a sandwich factory. The bank has one market, the UK, and one product, mortgages"

Rivals often joke that Northern Rock is more of a production line than a bank, churning out cheaper deals by making the system as efficient as humanely possible.

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