Savers at a leading UK mortgage bank lined up for a second day to empty their accounts Saturday, a day after the lender was bailed out by the Bank of England after heavily slashing profit forecasts.

Long lines formed before counters opened at the Northern Rock building society, one of the UK’s top five lenders, as worried customers ignored reassurances from the bank and the government.

Customers are believed to have already withdrawn about £1 billion ($2 billion) since the bank’s woes were revealed, prompting speculation that the global credit crunch made raising funds through commercial borrowing difficult.

Shares in Northern Rock dropped up to 30 percent in Friday trading, with problems spilling over the European banking sector

More at CNN