Northern Rock

A sterling pounding but not a bloodbath

timesonline.co.uk     11 hrs ago          

David Smith: Economic Outlook Friendless, lonely, unloved. If so, Gordon Brown’s government will be belatedly following the pattern established by all its Labour predecessors. This time, the pound has lost more than 10%...                    

Nationwide swoops on battered rivals

telegraph.co.uk     10 hrs ago          

Nationwide, one of Britain's biggest mortgage lenders, is in advanced talks to merge with the Derbyshire Building Society in a move expected to kick-start consolidation of the £350bn industry, The Sunday Telegraph has...                    

Re: Metxia Trials: latest news

iii.co.uk     9 hrs ago          

Date posted Subject Votes for this Posting Message Handoverfist, Thanks for telling me about the iii ISA. Will look into it. I don't know what your investment strategy is and I'm sure we both empathise with each other...                    

Credit crunch 'to last into 2010'

bbc.co.uk     yesterday   14 related          

Like many UK banks, HBOS has been hit hard by the credit crisis The credit crunch is likely to last well into 2010, the head of the UK's largest mortgage provider has warned. HBOS chief Andy Hornby told the BBC it would...                    

Worst week for the FTSE in six years as UK companies see £100 billion wiped off the stock market

dailymail.co.uk     yesterday   5 related          

Britain's top companies had nearly £100 billion wiped off their shares last week in the worst week for the stock market since the dotcom bubble burst six years ago. The FTSE 100 slumped by a staggering £94.4 billion after...                    

SOS has gone unanswered

timesonline.co.uk     yesterday          

In the unlikely event that I am ever on a sinking ship with Gordon Brown, I will remember not to rely on him to throw me a life jacket. The Prime Minister's much-heralded “rescue package” for the housing market announced...                    

Philip Richards leaves RAB Capital to rediscover Midas touch

telegraph.co.uk     05-Sep-2008   6 related          

Working at a listed hedge fund that often updates the market, it took a few moments for the shock to sink in: RAB was announcing a new chief executive. Although most knew of Stephen Couttie, the new boss, few would ever...                    

Mortgages arrears show sharp rise

ft.com     05-Sep-2008   2 related          

By Jane Croft, Retail Banking Correspondent Arrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by Moody’s which suggests that home loans are deteriorating...                    

Cutting remarks from loony Toons

guardian.co.uk     05-Sep-2008          

After the shenanigans at Newcastle this week, it is advisable to steer clear of any manic Geordies no matter the sacrifice I was thinking of getting my hair cut next week, but in light of recent events of St James' Park I...                    

'Speed up deposit mobilisation efforts'

business-standard.com     05-Sep-2008   2 related          

Drawing lessons from the Northern Rock collapse in the UK, the Reserve Bank of India today advised banks to avoid excessive dependence on borrowings and instead focus on deposit mobilisation. The central bank's observation...                    

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