Northern Rock board submits revised buyout offer: officials
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The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
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Northern Rock says it is in talks about 'a variety of potential transactions' but has cancelled its dividend.
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Chancellor Alistair Darling outlines details of a funding plan that could help a private sale of Northern Rock.
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Billionaire Richard Branson, banker Luqman Arnold and an in-house management team are set to pitch formal offers for Britain's Northern Rock Plc  on Monday, the government's deadline for bids.
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The board of embattled Northern Rock PLC faced shareholders Tuesday amid growing speculation that Britain's biggest casualty of the global credit crisis will be nationalized.
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The Bank of England has stepped in to provide emergency financial support to Britain&#39;s fifth-largest mortgage lender Northern Rock, the latest institution to fall victim to market turmoil, officials confirmed Friday.
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Britain has received a report from  U.S. investment bank Goldman Sachs on options for the troubled  Northern Rock bank and is talking to potential buyers about  them, Prime Minister Gordon Brown said on Saturday.
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Northern Rock  named director Andy Kuipers as chief executive in a long-awaited update on Thursday, but also said it would take a 281 million pound ($574 million) hit from its exposure to the credit crisis.
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The government Tuesday agreed to extend its guarantee to all customer deposits held at Northern Rock as the bank severely hit by the global credit squeeze awaits being taken over.
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Virgin may sweeten its offer for Northern Rock as the government is set to unveil a plan to secure a private sale.
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Discussions are taking place to secure a private sale of Northern Rock, Gordon Brown confirms.
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Business & money: Government to get tough with bidders for Northern Rock during crisis meetings
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Britain set a two-week deadline for a  private-sector rescue of Northern Rock  on Monday as it  confirmed plans to convert its billions of pounds of loans to  the stricken bank into bonds in a bid to smooth a deal.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($202 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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A number of banks have eyed up a takeover move for Northern Rock -  but no deal looks likely soon, the BBC learns.
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The chancellor is to announce plans to make way for a private sector buyout of Northern Rock.
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A deadline on private bids for Northern Rock, the British bank almost ruined by the squeeze on global credit, was to expire on Monday amid speculation that three proposals will be made to the board.