September 19, 2007 (LPAC) - The troubled British bank Northern Rock has in the recent period had an aggressive campaign in Denmark to get Danish customers to deposit money in their bank. With interest rates of 5% for a normal bank account, which can be accessed from day-to-day, Northern Rock has gotten 10,000 Danish costumers, with a balance 3 billion pounds. The Danish daily Jyllands-Posten reported yesterday in a front page article, "Worst banking crises in 30 years," that nervous Danish costumers were trying to get their money out of the bank, as in the UK.
The headline was accompanied a picture of people in Britain making a run on the bank to get their money, reminding many of the history books pictures of the run on the bank in the 1930s, only this time in color.