The new boss of Northern Rock is putting the final touches on his business plan for the troubled British bank, aiming to repay billions of pounds to the government and satisfy European regulators.

Lines of panicked depositors may have dispersed from outside Northern Rock banks, but the UK’s fifth-largest mortgage lender faced new pressure from major investors today.

On the day Northern Rock’s nationalization was announced, Alliance & Leicester gave a worrying update for its prospects in 2008. Having secured medium-term funding at high cost, it now sees both ...

The bank run had transformed Northern Rock from a solvent (if illiquid) bank to a bankrupt entity. By the end of 2007, over £25-billion of British taxpayers’ money had been injected into Northern Rock ...

AssetCo is also proposed to hold the existing government loan to Northern Rock, plus Northern Rock’s wholesale funding instruments. It is proposed that AssetCo will not hold any retail deposits and, ...

He doesn't hold Northern Rock shares. Northern Rock stock added 5.9 per cent to close at £2.7325 in London ($5.57 U.S.) yesterday, valuing the company at £1.15 billion.

SHARES in Northern Rock took a fresh battering today as investors bailed out of the crisis-hit mortgage lender. The Newcastle-based group followed its 21% fall on Monday by slumping 40% to a low ...

Northern Rock, based in the northeastern English city of Newcastle, was taken into public ownership in February 2008 after it ran into severe funding problems because of the global credit crunch.

Northern Rock - So are these people off their Rockers? The stricken bank's new set of high-profile managers could cement their reputations, says Simon Evans – or they could be engulfed by the storm ...

"The chickens are coming home to roost." Northern Rock, whose roots date to 1850, was the UK's third-biggest mortgage lender at the end of June, with loans worth £17.4 billion (R248 billion).

Northern Rock advisers are auctioning the bank after it was engulfed in a funding crisis in September and has since been forced to borrow £25 billion from the Bank of England.