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Northern Rock

Darling embarrassed as Northern Rock fails to pass on rate cut

Gordon Brown sought yesterday to convince voters he is not out of touch and that he understands their anxiety about the gathering economic gloom.

Inside Northern Rock

Rock shareholders call for inquiry into leak

Friday, 2 May 2008

Northern Rock shareholders are demanding a public inquiry into the dramatic leaking last September of the stricken lender's pleas for emergency funding from the Bank of England. Small investors in the bank say the way in which the mortgage lender's troubles came to light played a major part in its subsequent collapse and was in stark contrast to the tight secrecy surrounding the Bank's current liquidity operation to prop up the banking system.

Northern Rock 'close' to decision on job cuts

Friday, 25 April 2008

Northern Rock is close to submitting a plan expected to outline 2,000 job cuts to the Government, the bank's chairman said today.

Rock shareholders lodge £2bn compensation claim

Thursday, 24 April 2008

Small shareholders seeking £2bn in compensation following the nationalisation of Northern Rock have applied for a judicial review into the terms of the Government's takeover of the troubled lender that they allege are "deliberately rigged" to give them nothing.

Ministers pressured to reveal Northern Rock losses

Sunday, 6 April 2008

The Government is coming under mounting pressure to come clean over the level of losses Northern Rock is expected to make during the next four years of public ownership.

Northern Rock ushers its customers to the exit

Sunday, 6 April 2008

Nationalised bank Northern Rock has said that it aims to repay its £24bn debt to the Bank of England by 2010 and no later.

Brussels investigates Rock support

Thursday, 3 April 2008

The European Commission has launched an inquiry into the UK Government's support for Northern Rock to ensure that the nationalised bank does not have an unfair advantage over rivals.

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.

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