Mervyn King wanted to keep Northern Rock bailout a secret, but was told it was illegal

The decision to provide emergency funding to Northern Rock should have been kept secret, the then governor of the Bank of England said, but was told it would be illegal. The news broke on 13th September 2007, prompting thousands of customers to rush to withdraw their money in the days afterwards...

Mervyn King wanted to keep Northern Rock bailout a secret, but was told it was illegal