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- Bank of England steps in...
- * 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...
- Research articles 2007-09-14
- UNITE REACTION TO CITIGROUP AND MERRILL LYNCH LOAN FOR NORTHERN ROCK.
- 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...
- Research articles 2007-10-08
- Citigroup throws a AGBP10bn lifeline to Northern Rock.
- 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...
- Research articles 2007-10-15
- Northern Rock waves Pru bye.(Prudential)(Brief Article)
- 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.
- Research articles 2005-05-26
- UK: MOODY'S DOWNGRADES NORTHERN ROCK'S BFSR, SUBORDINATED DEBT AND TIER-1 SECURITIES.
- 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...
- Research articles 2007-11-19
- This Month: News - Rock Unsteady.(lost in customer confidence of Northern Rock PLC)(Borse Dubai Ltd. to sell OMX AB to The Nasdaq Stock Market Inc.)(Deutsche Bank AG (Frankfurt, Germany))
- 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) ...
- Research articles 2007-10-01
- Fidelity pushes market funds.
- 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...
- Research articles 2007-10-01
- MOODY'S DOWNGRADES NORTHERN ROCK'S SENIOR DEBT AND DEPOSIT RATINGS TO A2, PREFERENCE SHARES DOWNGRADED TO C
- 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...
- Research articles 2008-02-20
- ROYAL BANK OF SCOTLAND (RBS).
- RBS may have lost its crown as the Citys favourite bank - the reassuringly dull Northern Rock and the fast-growing (too fast, wed argue) HBOS are now more favoured by City analysts. But it still manages to churn out impressive numbers. Its trusted fo RBS may...
- Research articles 2003-03-07
- ROYAL BANK OF SCOTLAND (RBS).
- Royal Bank of Scotland RBS may have lost its crown as the Citys favourite bank - the reassuringly dull Northern Rock and the fast-growing HBOS are now more favoured by analysts - but its still managing to churn out impressive numbers. At its full-y Royal Bank...
- Research articles 2003-04-25
Additional Resources
- Northern Rock chief executive resigns
- LONDON AFP — Adam Applegarth, the chief executive of embattled British bank Northern Rock, resigned on Friday, his employer said. However he will continue to run the group until around the end of January next year, Northern Rock added in a statement. Northern Rock ran into serious trouble...
- Research articles 2007-11-16
- If I were a Northern Rock customer, I would not welcome the arrival
- Richard Branson has sent out a letter addressed to "Dear Northern Rock customers". After setting out the virtues of his bid for the ailing company, Sir Richard concludes: "I hope that you will continue to be a customer of our new and exciting bank." Blimey. If I were...
- Research articles 2007-11-30
- Northern Rock and Co-op cancel credit card tie-up
- The Co-operative Bank and Northern Rock have cancelled their credit card tie-up, leaving the stricken bank without a card offering for customers. Northern Rock stopped selling the Co-op's credit cards under its own brand in November, two months after the mortgage lender was forced to go to the...
- Research articles 2008-02-12
- Northern Rock signs Unite Charter for Employees.
- LONDON, UNITED KINGDOM, Nov 28, 2007 Marketwire via COMTEX -- Unite the Union has today (28th November) welcomed the decision by Northern Rock to sign the 'Unite Charter for Northern Rock and Potential Stakeholders'. The six point charter see Notes to Editors sets out...
- Research articles 2007-11-28
- A crisis now nearing its sixth month.(Northern Rock PLC mortgage crisis)
- Byline: The woes facing Northern Rock began last August but there is still no long-term solution as to what to do The Northern Rock crisis, which began last summer, has sent shockwaves throughout the banking and mortgage sector and has raised fears for the...
- Research articles 2008-01-17
- Northern Rock Crisis Due To Failure Of Regulation - Cable.
- M2 PRESSWIRE-25 January 2008-Liberal Democrats: Northern Rock Crisis Due To Failure Of Regulation - CableC1994-2008 M2 COMMUNICATIONS LTD RDATE:26012008 Commenting on today's [Saturday] Treasury Select Committee report into the Northern Rock crisis, Liberal Democrat Shadow Chancellor, Vince Cable...
- Research articles 2008-01-25
- Northern Rock awards GBP23m IT infrastructure contract to ICL - Company Business and Marketing - Brief Article
- TELECOMWORLDWIRE-14 May 2001-Northern Rock awards GBP23m IT infrastructure contract to ICL C1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com The London-based e-business services provider ICL has won a five-year, GBP23m contract to deliver a new IT infrastructure to Northern Rock, a UK financial institution. The IT infrastructure will support...
- Research articles 2001-05-14
- Two-horse race for Northern Rock.
- Just two suitors - Virgin Money and Northern Rock's own board - remain in the race John Adams Just two bidders remain in the race for Northern Rock - Virgin Money and Northern Rock's board. Virgin proposes to inject GBP1.25bn for a 55...
- Research articles 2008-02-06
- Europe's banking shares tumble on Northern Rock fallout
- LONDON AFP — Europe's main stock markets wobbled for a second straight trading day on Monday as banking share prices extended heavy losses led by troubled Northern Rock. Britain's fifth-biggest mortgage lender again lost almost one third of its share-price value as customers rushed to empty savings accounts at...
- Research articles 2007-09-17
- Northern Rock shares dive by twenty percent
- LONDON AFP — Shares in Northern Rock plunged by more than 20 percent in early London trading on speculation that the embattled mortgage lender may not now face a takeover, dealers said Thursday. Shares in the bailed-out bank fell 22.4 percent to 199.5 pence in morning deals. That gave...
- Research articles 2007-09-20
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