Poor IT forced government hand in Northern Rock takeover

clock • 1 min read

Winding down Northern Rock ruled out because of inadequate IT

Saved by poor IT? Inadequate computer systems forced the Treasury to rule out winding down Northern Rock, the building society taken over after a run on its funds, according to a National Audit O...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Case study: How Waverton became a cloud-first asset manager

Cloud Computing

Close ties with a vendor partner eased the process

clock 05 October 2023 • 4 min read
Interview: Lloyds Banking Group, Digital Technology Leaders Awards finalist

Leadership

"Our purpose is Helping Britain Prosper."

clock 06 July 2022 • 4 min read
What are the challenges facing financial services organisations when striving for full cloud adoption?

Cloud and Infrastructure

Many financial services organisations are built on legacy tech, and moving to the cloud is no simple task - but it is important

clock 19 January 2022 • 7 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Public Sector

HMRC commits to killing legacy customs system...again

HMRC commits to killing legacy customs system...again

Thirty-year-old CHIEF system to be replaced by June

Tom Allen
clock 26 March 2024 • 2 min read
IT Essentials: Public pitfalls

IT Essentials: Public pitfalls

The private sector could shine this year, but there's a warning note

Tom Allen
clock 15 January 2024 • 3 min read
'You have to encrypt everything': Public sector security in the zero-trust age

'You have to encrypt everything': Public sector security in the zero-trust age

Years of high-profile breaches have spurred movement – at least overseas

Tom Allen
clock 18 December 2023 • 3 min read