Panic grips Northern Rock savers for second straight day
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Hundreds of worried customers of Northern Rock queued for a second day Saturday to withdraw savings, ignoring assurances that the lender will not go bust due to the global credit squeeze.
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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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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.
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Bonds worth Â£24bn and guaranteed by the government to rescue Northern Rock will have maturities of between two and three years, according to information sent to potential bidders for the stricken lender
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The panic engulfing mortgage lender Northern Rock PLC, Britain's fifth largest lender, may mark a watershed in the British economy by undermining the confidence of investors and consumers.
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Interest rate fears add to jitters in financial markets.
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The financial crisis continues as the lender's shares plummet by a third in Monday morning trading
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Units of Blackstone Group LP   fell on Monday in their second day of trading, as concerns  about valuation set in after the private equity giant&#39;s highly  publicized market debut.
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Northern Rock shares slump 9.5% after it warns that earnings would not be as strong as analysts predict.
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The rescue of British bank Northern Rock   could get bogged down in a legal battle as shareholders  criticized the government's handling of the five-month crisis  just as a decision nears.
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Hundreds of panicky depositors converged on Northern Rock branches for a third day Monday to grab savings from the beleagured mortgage lender.
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Northern Rock faced another day of customers withdrawing their savings and share price drops on Monday after an emergency bail-out from the Bank of England last week.
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Anxious customers of British bank Northern Rock rushed to withdraw their savings Friday, forming lengthy queues in front of branches after the lender was bailed out by the Bank of England.
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Â· Run on Northern Rock escalatesÂ· Fears over second bankÂ· Intervention too slow, say critics
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Northern Rock customers complain of difficulty in accessing their money in online accounts.
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U.S. stocks are seen falling for a second-straight day on Friday on concerns the economy and corporate profits will slow after crude futures touched another record in overnight trading.
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Panicky customers of Northern Rock have withdrawn Â£2 billion ($4 billion), since the bank acknowledged Friday that it could no longer raise money because of the credit squeeze.