Author

 
Steve Slater

Steve Slater

    UK backs Northern Rock bonds, seeks rescue bids
    UK backs Northern Rock bonds, seeks rescue bids
    Britain set a two-week deadline for a private-sector rescue of Northern Rock on Monday, as it confirmed plans to convert its billions of pounds of...
    Virgin team picked for Northern Rock rescue
    Virgin team picked for Northern Rock rescue
    A consortium led by Richard Branson's Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion ($22,6-billion) quickly to the Bank of England....
    Northern Rock CEO faces grilling on strategy
    Northern Rock CEO faces grilling on strategy
    Northern Rock's bosses face their toughest grilling since the British bank was engulfed in a funding crisis a month ago when lawmakers quiz them on...
    Northern Rock shares plunge, customers flee
    Northern Rock shares plunge, customers flee
    Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening...