Here at Moneywise HQ we are regularly inundated with emails from concerned readers informing us of new and elaborate scams being hatched. This week we look at the Northern Rock scam.
Losses at nationalised bank Northern Rock shrank to £257.4 million last year as income levels picked up and bad loans lessened in the second half of 2009.
Northern Rock savers have been urged to find new homes for their money after the government confirmed plans to scrap the bank's 100% protection guarantee in three months' time.
Thousands of Northern Rock shareholders are not entitled to receive compensation for their heavy losses following the nationalisation of the troubled lender two years ago.
