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Recent trend in the global market and credit crunch in the domestic market might be the harbinger of an economic slowdown for UK. The Bank of England’s top economist Charlie Bean forecasted a severe economic downturn on Wednesday, 31 October, in a City...
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AP, London
Britain’s government is throwing nationalized lender Northern Rock back into the home loan business in a bid to spur the market for mortgages, a government...
made popular Feb 23 2009
AP, London
Shareholders in nationalized mortgage lender Northern Rock were going to court Tuesday to try to force the British government to compensate them for their now-worthless...
made popular Jan 13 2009
AP, London
Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.
made popular Dec 3 2008
The count down continues – Bears Stearns, Northern Rock, Indy Mac, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch and so on and so forth. In our own...
made popular Sep 16 2008
AP, Brussels
The European Commission has launched an in-depth investigation into the British government’s bailout of mortgage lender Northern Rock.Late last year, the EU...
made popular Apr 2 2008
AP, London
Britain’s financial services regulator admitted Wednesday that it had done a poor job of supervising Northern Rock, the mortgage lender which became...
made popular Mar 26 2008
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