Ukraine crisis 'sparks bank rout'
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Worries over the political situation have sparked a run on Ukraine's banks, the country's central bank admits.
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The crisis over Ukraine&#39;s disputed presidential election deepened ahead of a key court session Monday, as supporters of the prime minister raised the possibility that it could provoke a breakup of the former Soviet republic.
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Millions of Ukrainians queue at banks to claim compensation for savings lost in the collapse of communism.
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Business & money: Biggest share falls since height of credit crunch after US bank's $18bn write-off and Rock uncertainty grows
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Business & money: Bank admits it was warned on more than one occasion amid fierce criticism from shareholders
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Business & money: City gripped by speculation that a major high street bank has been forced to borrow Â£1.6bn from the Bank of England to see it through a cash-flow problem.
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Rising interest rates and a reliance on credit were blamed Friday for an increased number of British personal bankruptcies in the latest quarter.
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Britain's fifth largest mortgage lender recieved emergency funding from the Bank of England in an attempt to head of a liquidity crisis.
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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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Britain's campaign to persuade the European Union to adopt its light-touch approach on financial regulation has been damaged by the debacle over Northern Rock, according to leading City figures.
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The rivals in the on-going feud over Ukraine's disputed presidential election have accused each other of bringing the country to the edge of disaster.
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The political crisis has stung people in Donetsk and could deeply aggravate the nation's east-west divide.
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Papers in Ukraine and neighbouring countries fear the Ukrainian political crisis could descend into violence.
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On Thursday 13th September, after the market had closed, the Bank of England announced to have provided emergency cash to Northern Rock, the fifth largest mortgage lender in the country. The Bank of England played down the intervention, saying that it is not a "bail-out" but rather a loan meant to ease the bank's difficulties in financing its short-term operations in the face of the recent market turmoil. The bank's assets are reportedly solid and there is no risk for shareholders.  In spite of this reassurance, the stock price of this former market darling tumbled 30% on Friday. People were seen queing outside branches while the website went down as the bank clients rushed to withdraw their money using the online banking facility.  It's the first time in my life I've seen that Great Depression staple, the bank run.
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The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
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This is one bank storming through the current credit woes.
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Business & money: Britain's seventh-biggest bank warns margins this year will be hit by higher funding costs