Articles...
Aug 5 2008
The Government took further steps to shore up Northern Rock’s balance sheet today after the lender unveiled half-year losses of almost £600 million....
Aug 5 2008
NORTHERN Rock today announced losses of £585.4 million for the first half of this year as the number of customers falling behind with mortgage payments jumped sharply....
Aug 4 2008
AROUND a fifth of Northern Rock’s mortgage customers face the prospect of negative equity next year as house prices slump, it was reported today....
Mar 26 2008
The City watchdog admitted today that its handling of stricken lender Northern Rock was unacceptable in the run-up to the bank’s crisis....
Mar 25 2008
The City’s watchdog is set to face further attacks over its handling of the Northern Rock crisis tomorrow when it publishes an internal review into the affair....
Mar 19 2008
THE world’s stock markets endured another anxious day yesterday as the United States Federal Reserve moved to slash US interest rates by 0.75% and UK inflation figures rose sharply....
Mar 5 2008
The banking industry today warned the Government not to rush through regulatory changes following the crisis at mortgage lender Northern Rock....
Feb 29 2008
The deputy chief executive of Northern Rock is to take early retirement, it was announced today....
Feb 25 2008
Richard Branson said today that he could have saved most Northern Rock jobs if Virgin Money had been able to take over the stricken bank....
Feb 20 2008
Legislation to nationalise Northern Rock passes to the House of Lords today, after it was rushed through all its Commons stages in a single day....
