It wouldn't be a surprise if one of the smaller UK banks got bought, but Northern Rock have always had a disciplined organic growth investment model of their own, so it would be something new for them.
I would be surprised if the stock does not react pretty strongly.
I would be surprised if someone was willing to pay at this price for the stock. I am pretty cynical, but I am loath to dismiss it completely.
This is no real surprise -- had been groomed to take over the job. What is more interesting is why Crosby has decided to go now. Maybe he felt it was time to go, or was it a case of giving it to Hornby now or else he would go somewhere else?
I'm very surprised to hear they've done this. Maybe they're covering their own position should someone else come in and make a bid.