Amid the chaos and confusion that has accompanied the credit crisis at British bank Northern Rock, Bank of England Governor Mervyn King has remained tight-lipped. There was barely a word from him when ...

RAB Capital and SRM Global, two hedge funds with a 6 percent stake each in Northern Rock, wrote to Bryan Sanderson, the bank’s chairman, to demand an EGM. The funds plan to use the EGM to call for a ...

The British government has weighed in to stem panic at the crisis-wracked Northern Rock bank, vowing to protect all savings as customers queued for a third straight day to withdraw cash. The ...

Virgin Group, Olivant and Northern Rock's own management will today submit their final bids for the troubled bank as the government deadline nears. Sign Up to be kept in the loop each and every day ...

LONDON – Shares in troubled mortgage lender Northern Rock rose on a promise by the central bank to back its deposits, but worried customers continued to line up today to withdraw their savings. Prime ...

Northern Rock today announced losses of £585.4m for the first half of this year as the number of customers falling behind with mortgage payments jumped sharply. The recently-nationalised lender said ...

Future business school lecturers looking to illustrate the importance of diversifying your sources of funding will probably have a well-thumbed case study at their disposal entitled “Northern Rock”.