Worrying wait for Northern Rock
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Northern Rock waits to see if a government pledge to protect accounts will reassure its customers.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph newspaper said.
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Interest rate fears add to jitters in financial markets.
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Mortgage lender Northern Rock calls on Bank of England to provide emergency funding.
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Business & money: Larry Elliott on whether the Bank of England should cut interest rates or wait another month
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London equities fell on Friday after Northern Rock went to the Bank of England to arrange emergency financial support, a move that led to a two-year profit warning and undermined share prices in its peers.
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Business & money: The government yesterday handed Northern Rock a further lifeline as it struggled to keep the stricken bank afloat and push through a private sale
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Fears grew on Saturday that panic among savers at British bank Northern Rock  will see a run of withdrawals after reports that 1 billion pounds had already been taken out.
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Stricken lender Northern Rock is continuing to struggle to attract a buyer, a newspaper report claims.
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The Government is to announce its decision on the future of beleaguered bank Northern Rock today
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Markets will closely watch banking shares after Northern Rock was forced to take a loan from the Bank of England.
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Wall Street was set to open lower on Monday as embattled British bank Northern Rock's  troubles intensified, adding to global credit concerns before an expected U.S. interest rate cut this week.
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The British government's pledge to guarantee all deposits held by Northern Rock in an effort to shore up confidence in the country's fifth-biggest mortgage lender will be put to the test on Tuesday when branches reopen.
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Northern Rock was braced for another day of chaos at its branches on Tuesday, despite a government promise that it would protect customer savings.
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Business & money: Â· Weather-related delays rose by 500,000 minutesÂ· Regulator may impose fine over signalling upgrade
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Wall Street was poised to open lower on Monday as embattled British bank Northern Rock's < troubles mounted, adding to global credit concerns before an expected U.S. interest rate cut this week.
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Shares in troubled bank Northern Rock fell heavily on Wednesday, reversing earlier gains amid uncertainty over the group&#39;s future after two major shareholders cut their holdings.