Northern Rock Plc
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Europeans scramble to save failing banks
country in weather the credit crunch. In the past year the government has acted to nationalize struggling mortgage lenders Northern Rock and Bradford & Bingley. "The European banking industry is feeling the wind of default blowing from the other side of the
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Brits rush to 'guaranteed' banks
lined up Thursday to open an account at Northern Rock . The bank failed last year, but a doctor. He opened an account at Northern Rock — one of the few nationalized banks in and the government," Ryan says at a Northern Rock branch in central London. It didn't
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Brits run to 'guaranteed' banks
lined up Thursday to open an account at Northern Rock . The bank failed last year, but the a doctor. He opened an account at Northern Rock — one of the few nationalized banks and the government," Ryan says at a Northern Rock branch in central London. It didn't
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Wall Street's Financial Crisis Is Felt Worldwide
succumb to the financial crisis. Bradford and Bingley is the second U.K. bank to be nationalized, after the British bank Northern Rock was taken over in February. In Ireland, the government has moved to guarantee bank deposits, bonds and debts in its six
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Tough Times for Britain's Prime Ministerthe Conservatives, and lost face big time. The next major debacle came with the collapse, then government rescue, of Northern Rock , Britain's fifth-largest mortgage lender, which went bankrupt amid the global credit crisis. The Brown government
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Don't Trust Tech too Much, Security Conference Warned
guide, from the near-collapse of financial institutions such as Bear Stearns, an investment bank in the U.S., and Northern Rock , a U.K. lender, said Ian O. Angell, a professor of information systems at the London School of Economics. Angell
News
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British mortgage lender Northern Rock is nationalized
Britain's troubled mortgage lender Northern Rock was officially transferred to state confirmed it had acquired all the shares in Northern Rock after Parliament approved emergency Brown's government said the collapse of Northern Rock would have posed risks to the wider financial
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Britain nationalizes troubled mortgage lender
said Sunday struggling bank Northern Rock PLC will be nationalized, after see its outstanding loans to Northern Rock repaid in full, with interest Branson said in a statement. Northern Rock ran into trouble in September
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Fed, ECB vow to offset Y2K-style year-end credit squeeze
less of a fair assumption." Meanwhile Britain's main casualty in the global credit crisis, Northern Rock , found a potential rescuer. Northern Rock said a consortium led by Richard Branson's Virgin Group was its preferred bidder and planned
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Stocks slide as credit worries outweigh good retail news
write off huge sums. In Europe, embattled mortgage lender Northern Rock said Monday it will hold accelerated takeover negotiations with a consortium led by Virgin Group. Northern Rock ran into problems in September when the short-term credit
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GMAC, Branson eye rescue of British bank, reports say
Britain's struggling mortgage bank Northern Rock PLC , a newspaper reported Sunday three bidders now examining Northern Rock 's books for possible takeover any new mortgages written by Northern Rock . Northern Rock has been Britain's
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Troubled lender Northern Rock replaces chairman
England's Northern Rock said Friday it is replacing its has carried much of the blame for Northern Rock 's troubles, is to resign and statement to the London Stock Exchange. Northern Rock said Ridley "made clear in September
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Virgin offers to help Northern Rock , create Virgin Money
Group . submitted a plan to rescue Northern Rock on Friday, proposing a cash injection Virgin Money brand be transferred to Northern Rock in return for equity. When that transaction is completed, Northern Rock will be renamed and rebranded Virgin
Videos
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Data Lost in Londontheir location. But this is the same finance minister defending himself now Alistair Darling who is struggling to defend northern rock that's a British bank here. That he is pledged to financially rescue after it suffered. A serious blow like so many of
finance minister defending himself now Alistair Darling who is struggling to defend northern rock that's a British bank here. That he is pledged to financially rescue after it suffered. A serious blow like so many of
