Articles...
Jul 30 2008
TROUBLED mortgage lender Northern Rock is to cut 1,300 jobs - 800 of them compulsory....
May 28 2008
THE Government is seeking to improve its standing with the business community with the appointment of former CBI director general Adair Turner as chairman of the Financial Services Authority (FSA)....
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....
Feb 18 2008
The stricken Northern Rock bank may not be privatised until after the next election, Prime Minister Gordon Brown admitted today....
Nov 28 2007
CHANCELLOR Alistair Darling said yesterday the Government had little choice other than to bail out stricken bank Northern Rock....
Nov 14 2007
THE British Bankers’ Association yesterday called on the Bank of England to offer emergency loans to British banks at a lower rate during times of market stress....
Nov 7 2007
BANK of England Gov-ernor Mervyn King yesterday defended his decision not to act sooner over the Northern Rock crisis, insisting earlier intervention would not have made a difference....
Oct 17 2007
NORTHERN Rock chairman Matt Ridley yesterday claimed the bank had been hit be a "completely unpredicted" chain of events....
Oct 10 2007
ALL retail deposits at Northern Rock will be guaranteed by the Government in a new attempt to stabilise the troubled bank....
Oct 1 2007
A MERSEYSIDE solicitor is leading a landmark case against troubled bank Northern Rock for the way it is treating customers in debt....
