Northern Rock plc RSS feed
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Northern Rock plc RSS feed‘Living wills’ to save failing banks
http://www.thisislondon.co.uk/standard-business/article-23770765-living-wills-to-save-failing-banks.do
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”2009-11-17T12:58:51ZBuyers line up for quick £1.5bn sale of Northern Rock's 'best bits'
http://www.thisislondon.co.uk/standard/article-23761710-buyers-line-up-for-quick-pound-15bn-sale-of-northern-rocks-best-bits.do
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 years2009-10-28T09:51:33ZNorthern Rock sale ‘delayed’ as buyers wait for general election
http://www.thisislondon.co.uk/standard-business/article-23761883-northern-rock-sale-delayed-as-buyers-wait-for-general-election.do
Government hopes of selling Northern Rock before the general election looked doomed amid signs potential bidders will wait until after polling day2009-10-28T13:20:52ZBaroness Scotland changes her tune...
http://www.thisislondon.co.uk/standard-business/article-23728196-baroness-scotland-changes-her-tune.do
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 ...2009-08-05T06:43:04ZThe lunatic lending that landed bank in this mess
http://www.thisislondon.co.uk/standard/article-23727785-the-lunatic-lending-that-landed-bank-in-this-mess.do
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 fail2009-08-04T09:37:56ZNorthern Rock borrowers cost bank £725m as prices collapse
http://www.thisislondon.co.uk/standard-business/article-23727613-northern-rock-borrowers-cost-bank-725m-as-prices-collapse.do
Full extent of Britain's sub-prime mortgage crisis was shown as Northern Rock announced losses of almost £725million2009-08-04T06:39:25ZNorthern Rock posts £724m loss
http://www.thisislondon.co.uk/standard/article-23727612-northern-rock-posts-724m-loss.do
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 profits2009-08-04T06:38:23ZWe must cut excessive pay in the public sector
http://www.thisislondon.co.uk/standard/article-23727763-we-must-cut-excessive-pay-in-the-public-sector.do
If we want to know how public spending mounts up, we can get some insight from the pay of police and doctors2009-08-04T08:17:18ZInvestors put new cash into RAB funds
http://www.thisislondon.co.uk/standard-business/article-23725520-investors-put-new-cash-into-rab-funds.do
RAB Capital, the hedge fund manager which lost a fortune on Northern Rock, is starting to see new cash coming into its coffers2009-07-29T12:40:05ZNorthern Rock ex-holders are again denied their cash claim
http://www.thisislondon.co.uk/standard-business/article-23724974-northern-rock-ex-holders-are-again-denied-their-cash-claim.do
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 ago2009-07-28T11:44:46ZRock holders step up shares battle
http://www.thisislondon.co.uk/standard-business/article-23705902-rock-holders-step-up-shares-battle.do
Angry shareholders in Northern Rock returned to court to step up their fight for compensation following last year’s nationalisation of the failed bank2009-06-10T11:51:41ZMortgage arrears leap triggers more Rock losses
http://www.thisislondon.co.uk/standard-business/article-23680019-mortgage-arrears-leap-triggers-more-rock-losses.do
Taxpayer-owned bank Northern Rock today admitted it will post a “substantial loss” this year as the number of customers struggling with mortgage payments soars2009-04-23T13:20:28ZChancellor sets new rules to return banks to savers
http://www.thisislondon.co.uk/standard-business/article-23677243-chancellor-sets-new-rules-to-return-banks-to-savers.do
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 hands2009-04-17T08:25:26ZBrown 'ignored 2004 warning on bank cash crisis'
http://www.thisislondon.co.uk/standard/article-23664871-brown-ignored-2004-warning-on-bank-cash-crisis.do
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 crisis2009-03-20T09:56:46ZAccountability in action on Rock
http://www.thisislondon.co.uk/standard-business/article-23664772-accountability-in-action-on-rock.do
It's quite easy to be cynical about our democracy, but on days like today things happen to restore your faith in it2009-03-20T10:09:45ZNorthern Rock troubleshooter billed taxpayer for £173,000 expenses
http://www.thisislondon.co.uk/standard/article-23656888-northern-rock-troubleshooter-billed-taxpayer-for-173000-expenses.do
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 UK2009-03-03T14:31:45ZRepossessions soar as Northern Rock announce £1.4bn losses
http://www.thisislondon.co.uk/standard-business/article-23656687-repossessions-soar-as-northern-rock-announce-14bn-losses.do
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 year2009-03-03T10:47:19Z£9.9bn for societies in flight from banks
http://www.thisislondon.co.uk/standard-business/article-23656175-99bn-for-societies-in-flight-from-banks.do
<strong>Economy: </strong> 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 Rock2009-03-02T14:25:07ZRescued Northern Rock to pay 500 bonuses
http://www.thisislondon.co.uk/standard/article-23650238-rescued-northern-rock-to-pay-500-bonuses.do
Northern Rock has sparked a new bonus row by insisting it would reward 500 executives despite making huge losses2009-02-23T14:12:49ZSpin row over Rock’s ‘£14bn lending’
http://www.thisislondon.co.uk/standard-business/article-23650261-spin-row-over-rocks-14bn-lending.do
<strong>Banking: </strong> 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 years2009-02-23T14:32:20ZNorthern Rock to revive mortgage lending
http://www.thisislondon.co.uk/standard/article-23649823-northern-rock-to-revive-mortgage-lending.do
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 crisis2009-02-23T08:18:36Z'Pride' over Northern Rock sparks takeover talk
http://www.thisislondon.co.uk/standard/article-23644686-pride-over-northern-rock-sparks-takeover-talk.do
Labour declared it was "proud" that it nationalised Northern Rock - fuelling speculation that another bank could be taken into public ownership2009-02-17T09:53:34ZNorthern Rock investors lose court case
http://www.thisislondon.co.uk/standard-business/article-23641639-northern-rock-investors-lose-court-case.do
<strong>Legal: </strong> 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 nothing2009-02-13T11:25:35ZNorthern Rock and RBS cut loan prices
http://www.thisislondon.co.uk/standard-business/article-23626944-northern-rock-and-rbs-cut-loan-prices.do
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 offerings2009-01-23T15:06:04ZNorthern Rock staff to get 10 per cent bonus
http://www.thisislondon.co.uk/standard/article-23624799-northern-rock-staff-to-get-10-per-cent-bonus.do
Nationalised bank Northern Rock risked public outrage by paying all its staff a 10 per cent bonus2009-01-21T15:21:53ZNorthern Rock's bid to boost mortgage market welcomed
http://www.thisislondon.co.uk/standard-business/article-23622560-northern-rocks-bid-to-boost-mortgage-market-welcomed.do
<strong>Banking:</strong> Mortgage lenders gave a cautious welcome to moves by the Government to allow nationalised bank Northern Rock to bolster its presence on the mortgage market2009-01-19T09:32:54ZNorthern Rock shareholders go to court for compensation
http://www.thisislondon.co.uk/standard-business/article-23618521-northern-rock-shareholders-go-to-court-for-compensation.do
<strong>Legal :</strong> Shareholders in nationalised mortgage lender Northern Rock went to court to try to force the British government to compensate them for their now-worthless stocks2009-01-13T15:11:06ZIdea that's not so awful now
http://www.thisislondon.co.uk/standard-business/article-23588400-idea-thats-not-so-awful-now.do
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.2008-11-18T08:48:40ZRock cuts accounts as savers flock to safe haven
http://www.thisislondon.co.uk/standard/article-23563011-rock-cuts-accounts-as-savers-flock-to-safe-haven.do
Northern Rock has been forced to axe more than half of its range of savings accounts after being swamped with demand for new accounts2008-10-02T13:31:28ZCommentary: If US plan doesn't work, the finance system faces disaster
http://www.thisislondon.co.uk/standard/article-23561496-commentary-if-us-plan-doesnt-work-the-finance-system-faces-disaster.do
At least this time, the Government moved swiftly - the nationalisation of Bradford & Bingley was achieved without fuss or delay2008-09-29T08:15:15Z