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Northern Rock News

A sign for building society Northern Rock is seen on the wall of a branch in the City of London in this February 13, 2008 file photograph.

Northern Rock investors start legal action

Reuters - Thursday, May 8 03:54 pm

LONDON (Reuters) - Britain's government "deliberately rigged" compensation terms for shareholders in nationalised bank Northern Rock, a group of investors said on Thursday as they started legal action for a review of the terms. More »

  • A row of estate agents'

    Mortgage lenders cut rates but boost margins

    Reuters - Thursday, April 24 11:57 am

    LONDON (Reuters) - Just over a third of mortgage lenders have reduced their rates, a fortnight after the Bank of England's quarter-point base rate cut -- most of them passing on the full reduction, although troubled Northern Rock has only handed borrowers a 0.10 percent cut. More »

  • Kheraj to advise FSA on tighter bank supervision

    Reuters - Wednesday, April 23 01:36 pm

    LONDON (Reuters) - The financial watchdog said on Wednesday it has appointed a former finance chief of Barclays to advise it on how to tighten up its supervision of the banking industry following the near collapse of Northern Rock. More »

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