Northern Rock

Nigel Fox Bassett: senior partner of Clifford Chance

Nigel Fox Bassett was the senior partner at Clifford Chance, the London- based law firm that has grown into one of the world’s largest commercial practices, from 1990 to 1993, and he was closely involved in the 1987 merger that...

Effective global regulation

Government ownership of banks -- something unthinkable until very recently for the 'Anglo-Saxon' model of capitalism -- became a reality early in 2008. This was a policy response to an unprecedented global financial crisis,...

Government seeks N.Rock loan delay

LONDON (Reuters) - Northern Rock could delay repaying its 11.5 billion pounds government loan, under plans put forward by Chancellor Alistair Darling, reports The Sunday Times. Darling is in talks with officials over plans to...

Weighty words measured by the pound?

Published Date: 17 November 2008 THEY are an elite cabal whose very words have the power to move markets and shape futures. In an interview at the weekend, Mr Osborne said the nation's economy was the worst prepared for...

Treasury may sell shares to City to cut taxpayers’ bank bailout bill

The Treasury is considering dangling the lure of lucrative shares in the banks to pension funds and other City investors to reduce the cost to taxpayers of its bailout plan, The Times has learnt. Officials at the Treasury are...

Is the media to blame for the credit crisis?

A few years back, business news was deemed so boring that it was usually confined to the back pages, or down bulletin. But ever since “sub-prime” entered the general vocabulary, most reporting has been taken out of the hands of...

Soapbox: A transnational manager

In most fields, universities lead the way in innovation and new thinking. However, at business schools we struggle to keep up with the real world and often find ourselves debating issues and practices that have become obsolete....

Sellers cut prices to get a sale by Christmas

NEW home sellers have slashed their asking prices by 2.9 per cent during the past month in a bid to find a buyer before Christmas, figures showed today. The average home coming on to the market in England and Wales cost...

Darling bids to extend the pay-back period for Rock

Nov 17 2008 by Our Correspondent, Western Mail NATIONALISED lender Northern Rock could pay back its huge borrowings more slowly under Treasury plans to help the housing market. The bank, taken into public ownership in February,...

A sneak peak on UK Economy

A nation which ruled the entire world once upon a time, a nation which was looked upon as one of the most one of the most powerful nations in the world, is now facing one of its worst fall in the recent years.