Northern Rock
Should you put your money into the Rock?
The nationalisation of Northern Rock will arguably make it the safest place on the high street to put your money. Aside from National Savings & Investment, it will become the only bank to have an unlimited guarantee on all savings – while other banks and building societies will only guarantee the first £35,000 of customers' deposits if they ever go to the wall.
Inside Northern Rock
Northern Rock will make losses until 2011
Tuesday, 1 April 2008
Northern Rock warned yesterday that it will be "significantly loss-making" this year and would not make break-even until 2011 as the nationalised bank posted a £168m pre-tax loss for 2007.
Huge payoff for Rock chief, despite bank's £167m loss
Monday, 31 March 2008
The former boss of Northern Rock will be entitled to a £760,000 payoff despite the bank being rescued by the Government, it was confirmed today.
£4m for Goldman as advisers feel short-changed on Rock fees
Sunday, 30 March 2008
FSA's mea culpa over Rock
Sunday, 30 March 2008
The Financial Services Authority (FSA) has been forced to acknowledge that it severely mismanaged the Northern Rock crisis last year, after an internal investigation found significant shortcomings within the City regulator.
The blame game: Internal audit savages FSA
Thursday, 27 March 2008
Britain's financial watchdog yesterday enduring a public savaging the likes of which it has not endured since the collapse of Equitable Life.
We failed, admits Northern Rock watchdog
Wednesday, 26 March 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.
Northern Rock: the timeline
Wednesday, 26 March 2008
The search for a solution to Northern Rock's woes began after a run on the bank last September. But the genesis of the crisis can be traced back to the beginning of the sub-prime fiasco in the US some five years before.
Sixth and most-senior head rolls at FSA over watchdog's failure to prevent Rock collapse
Thursday, 20 March 2008
The Financial Services Authority is to part company with yet another of its senior managers in the wake of the Northern Rock collapse, it emerged yesterday.
Northern Rock to lose 2,000 jobs
Wednesday, 19 March 2008
Northern Rock is to cut at least 2,000 jobs in the next three years as it shrinks itself to pay back £25bn of borrowing from the Bank of England.
Northern Rock's charity donations rise under nationalisation
Monday, 17 March 2008
Guaranteed funding promises from the newly nationalised Northern Rock have enabled its charitable arm to almost double its budget.
Northern Rock
Is the Government right to nationalise this crisis-hit bank?
Is the Government right to nationalise this crisis-hit bank?
Yes | 42% |
No | 53% |
Undecided | 6% |
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