Northern Rock

 
Britain pumps billions into bank to boost home loans
Britain pumps billions into bank to boost home loans
Britain will inject billions of pounds into state-owned Northern Rock bank to try to unlock lending and help the economy emerge from recession,...
Banks are architects of the crisis
Banks are architects of the crisis
The world's financial markets remain at the eye of a perfect economic storm. The architects of this almighty financial sell-off? The banks...
It's the Fred and Fan show
It's the Fred and Fan show
Stock markets were in a good mood last Monday after the United States treasury announced it was putting the two big beasts of the American mortgage...
Minister blames Bank of England for Northern Rock debacle
Minister blames Bank of England for Northern Rock debacle
Germany's Finance Minister, Peer Steinbrück, blamed the Bank of England on Friday for the collapse of Northern Rock and the loss of 2 000...
Central banks in mortgage crisis talks
Central banks in mortgage crisis talks
Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve...
JP Morgan to buy Bear, Fed opens lending to Wall Street
JP Morgan to buy Bear, Fed opens lending to Wall Street
JP Morgan Chase set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the United States Federal Reserve expanded lending to...
Credit-crunch woes claim fifth-biggest US bank
Credit-crunch woes claim fifth-biggest US bank
The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for...
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...
Britain seeks EU approval for Northern Rock aid
Britain seeks EU approval for Northern Rock aid
Britain has asked the European Commission to approve the aid it has provided to struggling mortage lender Northern Rock, a Commission spokesperson...
Banks, resources keep JSE firm
Banks, resources keep JSE firm
The bank and resources indices kept the JSE in positive territory on Tuesday, lifting the bourse 0,7% higher by midday.
Global whistle-blowing website shut down
Global whistle-blowing website shut down
A secretive Swiss bank landed an apparently novel censorship blow against the internet this week. Anyone who tried to call up Wikileaks.org,...
Brown faces MPs over illegal funding scandal
Brown faces MPs over illegal funding scandal
Gordon Brown faces a grilling in Parliament on Wednesday over the funding row that has engulfed the Labour party, the latest in a series of...

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