Northern Rock

Concern over N Rock staff bonuses

Wed, 22 Oct 2008 11:12:30 GMT

Northern Rock staff could earn 60 per cent of their annual salary in bonuses over the next few years.

Northern Rock slammed over repossessions

Fri, 17 Oct 2008 21:49:55 GMT

Northern Rock is twice as likely to repossess homes as other banks, according to a charity.

Northern Rock pays back taxpayers' cash

Tue, 14 Oct 2008 10:03:09 GMT

Taxpayer cash lent to stricken banks is making its way back into Treasury coffers with a move from Northern Rock.

Government confirms B&B nationalisation

Mon, 29 Sep 2008 21:42:00 GMT

Bradford & Bingley will be nationalised and its savings business sold to Spanish bank Santander, the Government has confirmed.

B&B to be nationalised

Sun, 28 Sep 2008 21:19:22 GMT

Struggling mortgage lender Bradford & Bingley will become the second UK bank this year to face a humiliating nationalisation.

Northern Rock's ?3bn bail-out

Tue, 05 Aug 2008 15:02:42 GMT

The Government has taken further steps to shore up Northern Rock after it announced losses of ?585 million.

Northern Rock to axe 1,300 jobs

Wed, 30 Jul 2008 13:19:13 GMT

Northern Rock is to axe 1,300 jobs as part of its efforts to shrink the business, the firm has said.

New chief exec for Northern Rock

Wed, 23 Jul 2008 11:05:58 GMT

Nationalised bank Northern Rock has announced the appointment of Barclays director Gary Hoffman as its chief executive.

Collapsed banks should compensate customers

Tue, 22 Jul 2008 13:35:15 GMT

The Bank of England's governor Mervyn King said that banks should pay money into a fund aimed at compensating customers.

Watchdog admits Rock mistakes

Wed, 26 Mar 2008 12:48:42 GMT

The Financial Services Authority (FSA) has admitted failings in its handling of the Northern Rock crisis.

Northern Rock: taxpayers left 'rubbish'

Wed, 20 Feb 2008 23:17:41 GMT

Gordon Brown has been forced to defend claims that taxpayers will only get "rubbish" parts of Northern Rock.

Rock emergency law passes first stage

Tue, 19 Feb 2008 21:17:26 GMT

Emergency legislation to nationalise Northern Rock has passed the first stage in the Commons.

Darling outlines plans for Northern Rock

Mon, 18 Feb 2008 22:52:23 GMT

Chancellor Alistair Darling has addressed the Commons over plans to nationalise troubled mortgage-lender Northern Rock.

FTSE closes at 5946.6

Mon, 18 Feb 2008 18:04:08 GMT

The FTSE surged up nearly 3 per cent to close 159 points ahead at 5946.6.

Northern Rock is nationalised

Sun, 17 Feb 2008 23:53:43 GMT

Beleaguered bank Northern Rock will be nationalised, the Chancellor has announced.

Government takes on Northern Rock debts

Thu, 07 Feb 2008 11:38:37 GMT

Northern Rock "has not been nationalised", even though billions of pounds lent to the bank have been brought onto the Government's books.

Rock regulator guilty of 'systematic failure'

Sat, 26 Jan 2008 06:41:00 GMT

A damning report into the collapse of Northern Rock has blamed the Financial Servives Authority for a "systematic failure of duty".

Chancellor refuses to rule out nationalisation

Mon, 21 Jan 2008 22:56:46 GMT

Chancellor Alistair Darling has warned it would be "irresponsible" to rule out temporary nationalisation of Northern Rock.

Branson in a pickle over N Rock

Mon, 21 Jan 2008 10:59:41 GMT

Virgin boss Sir Richard Branson believes his group's bid for Northern Rock would see the taxpayer recoup nearly ?30 billion in loans.

Branson talks up Virgin bid

Sat, 19 Jan 2008 18:27:17 GMT

Virgin boss Sir Richard Branson has said he believes he has "the best bid on the table" for the ailing Northern Rock bank.

Brown's fears delay Northern Rock progress

Mon, 14 Jan 2008 23:08:56 GMT

News as Ten has learnt that Gordon Brown's fear of nationalising Northern Rock is causing delays to a decision on the bank's future.

Virgin bid for Rock suffers a blow

Fri, 14 Dec 2007 10:26:39 GMT

The takeover offer from Sir Richard Branson for ailing Northern Rock has suffered a blow after losing its status as the preferred bidder.

MPs slam N Rock number-crunchers

Tue, 04 Dec 2007 13:30:13 GMT

Accountants for crisis-hit Northern Rock have been attacked by MPs for failing to spot funding problems.

Northern Rock's future far from certain

Mon, 26 Nov 2007 23:55:50 GMT

Northern Rock's future is still far from certain, despite a bid from a consortium led by Richard Branson's Virgin group.

Northern Rock row rumbles on

Tue, 20 Nov 2007 17:12:48 GMT

Opposition parties are set to increase pressure on Chancellor Alistair Darling over the Northern Rock crisis.

Darling's pledge over Northern Rock

Mon, 19 Nov 2007 23:59:24 GMT

Both taxpayers and Northern Rock depositors will be protected as the troubled bank's future is mulled, Alistair Darling has pledged.

N Rock: customers 'withdraw ?10.5bn'

Thu, 08 Nov 2007 12:43:53 GMT

Northern Rock shares tumbled 12 per cent after reports that ?10.5 billion has been withdrawn by customers from the crisis-hit lender.

Northern Rock 'may shed 2,000 jobs'

Mon, 29 Oct 2007 10:27:45 GMT

Northern Rock may be forced to shed 2,000 jobs because of a slowdown in new business.

Chancellor urges Northern Rock

Thu, 25 Oct 2007 15:18:13 GMT

Chancellor Alistair Darling said that Northern Rock has "a matter of weeks and months" to sort out its future.

Virgin's Northern Rock rescue deal

Sun, 21 Oct 2007 14:15:13 GMT

Virgin is planning to inject up to ?1.5 billion into crisis-hit Northern Rock as part of a possible rescue deal for the bank.

Northern Rock boss faces grilling

Tue, 16 Oct 2007 22:37:33 GMT

The chairman of the beleaguered Northern Rock bank has claimed it was hit by a "completely unpredicted" chain of events.

Virgin confirms interest in Northern Rock

Fri, 12 Oct 2007 22:15:50 GMT

Sir Richard Branson's Virgin Group has confirmed it is interested in a potential rescue of crisis-hit Northern Rock.

Officials face Northern Rock grilling

Tue, 09 Oct 2007 09:56:51 GMT

Britain's financial watchdog is facing a grilling over its failure to head off the Northern Rock crisis.

FTSE closes on 6540.9

Mon, 08 Oct 2007 16:41:04 GMT

The London market has made a lacklustre start to the week with the FTSE 100 Index closing on 6540.9.

'UK heading for economic slowdown'

Fri, 05 Oct 2007 10:49:04 GMT

The UK could be heading for an economic slowdown after being buffeted by the global credit squeeze, according to reports.

Savings pledge over Northern Rock crisis

Mon, 01 Oct 2007 13:55:09 GMT

Individual savings will be guaranteed to the value of ?35,000 in light of the recent Northern Rock crisis, the Chancellor has pledged.

FTSE closes at 6486.4

Thu, 27 Sep 2007 16:41:02 GMT

The FTSE 100 Index closed 53.4 points higher at 6486.4 - despite fresh news of tumbling housing sales in the US.

FTSE ends at 6433.0

Wed, 26 Sep 2007 16:21:47 GMT

The FTSE 100 has closed higher after a firm set of GDP figures pointed to a healthy UK economy and a bullish Wall Street buoyed trading.

Northern Rock cancels dividend payment

Tue, 25 Sep 2007 18:11:51 GMT

Troubled mortgage lender Northern Rock said it would not pay shareholders the interim dividend payment it promised in July.

Darling vows to learn lessons

Sun, 23 Sep 2007 16:26:03 GMT

Chancellor Alistair Darling has vowed to learn lessons from the financial turmoil of the last few weeks and promised further protection.

FTSE closes at 6456.7

Fri, 21 Sep 2007 17:01:53 GMT

The FTSE 100 Index closed up 27.7 points at 6456.7 after a stable session.

FTSE closes on 6429

Thu, 20 Sep 2007 18:37:15 GMT

Northern Rock was once again the biggest loser on the London market as the FTSE closed down 31 points at 6429.

King: 'I was right on Northern Rock'

Thu, 20 Sep 2007 12:12:20 GMT

Bank of England Governor Mervyn King is facing some tough questions from MPs over his handling of the crisis at Northern Rock.

N Rock shares hit by takeover rumours

Wed, 19 Sep 2007 16:44:27 GMT

Northern Rock's share price has taken a tumble as rumours swirl about a possible takeover of the crisis-hit mortgage lender.

Northern Rock panic eases after Darling move

Tue, 18 Sep 2007 18:58:12 GMT

Queues have shrunk outside some Northern Rock branches after Chancellor Alistair Darling said customers' savings would be guaranteed.

Government offers Northern Rock guarantee

Mon, 17 Sep 2007 22:46:31 GMT

Ministers have taken dramatic action in an attempt to end the crisis at Northern Rock.

Northern Rock 'seeks white knight'

Mon, 17 Sep 2007 06:20:16 GMT

Customers have withdrawn ?2 billion from Northern Rock savings accounts in three days.

Pressure remains on Northern Rock

Sat, 15 Sep 2007 17:29:06 GMT

Northern Rock is expected to remain under pressure from its customers after seeking emergency support from the Bank of England.

Northern Rock crisis hits shares

Fri, 14 Sep 2007 21:07:01 GMT

Northern Rock customers spent Friday queuing outside branches after the mortgage lender had to be bailed out by the Bank of England.

FTSE closes at 6289.3

Fri, 14 Sep 2007 16:53:38 GMT

The FTSE 100 Index has closed 74.6 points down at at 6289.3.

Northern Rock denies financial problems

Thu, 13 Sep 2007 21:31:52 GMT

Mortgage lender Northern Rock has taken the "unusual" step of calling on the Bank of England to provide emergency funding.

FTSE closes on 6363.9

Thu, 13 Sep 2007 16:38:56 GMT

The FTSE 100 Index jumped 57.7 points to close at 6363.9.

FTSE closes at 6270.7

Wed, 05 Sep 2007 16:39:07 GMT

The London market has plunged into the red after heavy early losses on Wall Street.

FTSE closes on 6376.8

Tue, 04 Sep 2007 16:29:25 GMT

The London market gathered momentum during afternoon trading as a firm opening helped push blue chips into positive territory.

Fixed rates hit Northern Rock profits

Wed, 27 Jun 2007 10:01:29 GMT

Northern Rock has announced annual profits will be hit due to rising interest rates from cheap fixed-rate home loans.