Bank of England in dramatic intervention
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Mortgage lender Northern Rock calls on Bank of England to provide emergency funding.
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Mortgage lender's shares plummet more than 20% after Bank of England intervention.
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The Northern Rock applies to the Bank of England for emergency financial support, the BBC  learns.
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The Bank of England raises UK interest rates to 5.75% as it tries to bring inflation under control.
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Bank of England chooses to take 'wait-and-see' approach after mixed economic data
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Merger and acquisition activity involving UK banks set a new record before the crisis in the credit market.
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Banks will be now able to borrow additional funds from the Bank of England in a move aimed at reducing the "credit squeeze".
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The European Central Bank and Bank of England flooded money markets with funds on Tuesday.
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Britain's financial watchdog is to be given new powers to intervene in failing banks to avoid a repeat of the Northern Rock crisis, finance minister Alistair Darling said in an interview out Friday.
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Bank of England expected to push rates up to 5.75%.
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Mortgage lender calls on Bank of England to provide emergency funding, in new sign that the credit crunch is squeezing UK banking.
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The firm is bringing its style of banking to new high-growth markets.
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Â· Run on Northern Rock escalatesÂ· Fears over second bankÂ· Intervention too slow, say critics
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The Bank of England has offered an  emergency loan to Northern Rock after the mortgage lender  became the biggest British casualty so far of the credit  squeeze sparked by the crisis in U.S. subprime mortgage  markets.
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Business & money: Bank of England governor blames risky behaviour by banks for current financial turmoil.
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Traders assess impact of unprecedented Â£50bn support package from central banks
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Gordon Brown praises Bank of England Governor Mervyn King's handling of the Northern Rock crisis.