The cost of saving Northern Rock could cost the tax payer £2billion, according to a report from the Commons Public Accounts Committee.
The Newcastle-based bank got into difficulties in 2007 when it became the first bank in 150 years to suffer a run during the then financial crisis.
Margaret Hodge, the committee's chair, has said the then Labour government took too long before deciding to nationalise the bank in February 2008.
More top news
A new exhibition is showcasing the work of young people with special needs. All the models are made from rubbish found in the Tyne.
Stephen Miller visits Emmaville Primary School to show off his six Games medals and chat to pupils about the power of following dreams.
Nissan will review the competitiveness of its car plant in Sunderland once the final outcome of Brexit negotiations becomes clear.