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‘Living wills’ to save failing banks

17.11.09
A senior member of the Bank of England today said the preparation of “living wills” so banks can be wound down when they hit financial trouble would lead to “better fire prevention and better fire-fighting” ... more

Buyers line up for quick £1.5bn sale of Northern Rock's 'best bits'

28.10.09
Northern Rock, the bank which triggered the financial crisis in Britain, could be sold before the general election in the biggest shake-up of the banking system for years... more

Northern Rock sale ‘delayed’ as buyers wait for general election

28.10.09
Government hopes of selling Northern Rock before the general election looked doomed amid signs potential bidders will wait until after polling day ... more

Baroness Scotland changes her tune...

05.08.09
Raised eyebrows in the Treasury at the interview with Baroness Scotland, the attorney-general, in the Financial Times. She is keen to get across just how determined she is to crack down on financial crime ... ... more

The lunatic lending that landed bank in this mess

04.08.09
When Northern Rock crashed, some commentators tried to say: "I told you so." They claimed they predicted the Newcastle-based bank would hit trouble and might ultimately fail... more

Northern Rock borrowers cost bank £725m as prices collapse

04.08.09
Full extent of Britain's sub-prime mortgage crisis was shown as Northern Rock announced losses of almost £725million... more

Northern Rock posts £724m loss

04.08.09
Government-owned lender Northern Rock - which was taken into public ownership in February 2008 - reports a half-year loss of £724.2 million just a day after HSBC and Barclays announce £3bn profits... more

We must cut excessive pay in the public sector

04.08.09
If we want to know how public spending mounts up, we can get some insight from the pay of police and doctors... more

Investors put new cash into RAB funds

29.07.09
RAB Capital, the hedge fund manager which lost a fortune on Northern Rock, is starting to see new cash coming into its coffers ... more

Northern Rock ex-holders are again denied their cash claim

28.07.09
Former shareholders in Northern Rock failed in their second legal attempt to force the Government to pay them hundreds of millions of pounds compensation after the bank was nationalised two years ago ... more

Rock holders step up shares battle

10.06.09
Angry shareholders in Northern Rock returned to court to step up their fight for compensation following last year’s nationalisation of the failed bank ... more

Mortgage arrears leap triggers more Rock losses

23.04.09
Taxpayer-owned bank Northern Rock today admitted it will post a “substantial loss” this year as the number of customers struggling with mortgage payments soars... more

Chancellor sets new rules to return banks to savers

17.04.09
Chancellor Alistair Darling is set to call for stronger regulation of mutually owned banks and building societies alongside next week's Budget as he looks at new ways to return nationalised banks into private hands... more

Brown 'ignored 2004 warning on bank cash crisis'

20.03.09
Gordon Brown came under fire as it emerged that he failed to act on a warning about a gaping hole in emergency planning to cope with a banking crisis... more

Accountability in action on Rock

20.03.09
It's quite easy to be cynical about our democracy, but on days like today things happen to restore your faith in it... more

Northern Rock troubleshooter billed taxpayer for £173,000 expenses

03.03.09
The troubleshooter brought in by the Government to run Northern Rock cost the taxpayer £173,000 in expenses last year as she travelled between her home in Switzerland and the UK... more

Repossessions soar as Northern Rock announce £1.4bn losses

03.03.09
Repossessions by nationalised lender Northern Rock soared by 63% last year, while the stricken lender also confirmed pre-tax losses of £1.36bn for the year... more

£9.9bn for societies in flight from banks

02.03.09
Economy: More than a million new building society accounts were opened last year as savers continued to shift their money away from banks following the collapse of Northern Rock... more

Rescued Northern Rock to pay 500 bonuses

23.02.09
Northern Rock has sparked a new bonus row by insisting it would reward 500 executives despite making huge losses... more

Spin row over Rock’s ‘£14bn lending’

23.02.09
Banking: Northern Rock has been caught up in a row over Government spin after the Treasury admitted the bank may not lend as much as the £14 billion suggested over the next two years... more

Northern Rock to revive mortgage lending

23.02.09
An additional £14 billion in mortgage lending by nationalised Northern Rock will be announced today as part of a new wave of government measures to tackle the economic crisis... more

'Pride' over Northern Rock sparks takeover talk

17.02.09
Labour declared it was "proud" that it nationalised Northern Rock - fuelling speculation that another bank could be taken into public ownership... more

Northern Rock investors lose court case

13.02.09
Legal: Former shareholders in Northern Rock have failed in their High Court bid to overturn a Government compensation scheme which they say will result in their shares being valued at nothing... more

Northern Rock and RBS cut loan prices

23.01.09
There was good news for mortgage holders today as bailed-out banks Northern Rock and Royal Bank of Scotland cut the prices of their mortgage offerings... more

Northern Rock staff to get 10 per cent bonus

21.01.09
Nationalised bank Northern Rock risked public outrage by paying all its staff a 10 per cent bonus... more

Northern Rock's bid to boost mortgage market welcomed

19.01.09
Banking: Mortgage lenders gave a cautious welcome to moves by the Government to allow nationalised bank Northern Rock to bolster its presence on the mortgage market... more

Northern Rock shareholders go to court for compensation

13.01.09
Legal : Shareholders in nationalised mortgage lender Northern Rock went to court to try to force the British government to compensate them for their now-worthless stocks... more

Idea that's not so awful now

18.11.08
A couple of weeks ago two senior figures in the private-equity industry - two of the most red-blooded capitalists I know - asked what I thought of a state-owned bank. ... more

Rock cuts accounts as savers flock to safe haven

02.10.08
Northern Rock has been forced to axe more than half of its range of savings accounts after being swamped with demand for new accounts... more

Commentary: If US plan doesn't work, the finance system faces disaster

29.09.08
At least this time, the Government moved swiftly - the nationalisation of Bradford & Bingley was achieved without fuss or delay... more

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