* On 14 September the Bank of England announced it was providing emergency liquidity support to Northern Rock, one of the UK's largest mortgage lenders. This support was aimed at helping Northern Rock overcome funding problems resulting from the recent sharp rise in interbank lending rates; Northern Rock had been...
LONDON, UNITED KINGDOM, Oct 8, 2007 Marketwire via COMTEX -- Unite Deputy General Secretary, Graham Goddard, says: "Unite is campaigning to secure Northern Rock's future as an independent single entity and to protect thousands of jobs. News th LONDON, UNITED KINGDOM, Oct 8, 2007 (Marketwire via...
Further speculation grew last week over Northern Rock's future, with Citigroup stepping into the fray to offer a reported AGBP10bn credit line. Further speculation grew last week over Northern Rock's future, with Citigroup stepping into the fray to offer a reported AGBP10bn credit...
Moody's announced today that it had downgraded Northern Rock's Bank Financial Strength Rating BFSR to D+ with a negative outlook from C- with a developing outlook. The D+ maps into a Baseline Credit Assessment of Ba1. The bank's subordinated deb Moody's announced today...
UK lender Northern Rock has seen long lines of customers outside its branches withdrawing an estimated GBP2bn ($4bn) in deposits amid fears of insolvency. UK lender Northern Rock has seen long lines of customers outside its branches withdrawing an estimated GBP2bn ($4bn) ...
In an apparent move to capitalise on public anxiety over Northern Rock, Fidelity International has touted money market funds over cash deposit accounts. In an apparent move to capitalise on public anxiety over Northern Rock, Fidelity International has touted money market funds over cash...
Prudential is splitting from Northern Rock to launch its own lifetime mortgage product. Prudential is splitting from Northern Rock to launch its own lifetime mortgage product.
February 20, 2008Moody's Investors Service announced today that it had downgraded to A2, with a developing outlook, the long-term bank deposits and senior unsecured debt of Northern Rock plc Northern Rock following the announcement by HM Treasury on FebFebruary 20, 2008Moody's Investors Service announced today that it had downgraded to...
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