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
Hedge fund SRM leads legal fight over Rock deal
Friday, 9 May 2008
SRM, the hedge fund that was Northern Rock's biggest shareholder, has joined forces with 150,000 small investors to mount a legal action against the Government over the nationalisation of the stricken bank.
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.
City firms turn down Rock arbitrator role
Sunday, 27 April 2008
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.
Northern Rock
Is the Government right to nationalise this crisis-hit bank?
Is the Government right to nationalise this crisis-hit bank?
Yes | 41% |
No | 53% |
Undecided | 6% |
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