Britain gets report on options for Northern Rock
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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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U.S. financial services firm GMAC is preparing to spearhead a bid for British mortgage lender Northern Rock , according to Britain's Sunday Times newspaper.
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The UK government will announce the nationalization of the troubled British bank Northern Rock  at 1600 GMT (11 a.m. EST)), British media reported on Sunday.
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Britain decided to nationalize Northern Rock  on Sunday, abandoning a five-month attempt to snare a private sector buyer for the ailing bank and piling more pressure on Prime Minister Gordon Brown.
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The future of ailing British bank Northern Rock -- including possible nationalisation -- is to be decided in the next six weeks, finance minister Alistair Darling said in an interview out Saturday.
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Northern Rock's debt will appear on government accounts, the Office for National Statistics decides.
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The government will use legislation if the Northern Rock is nationalised, the BBC learns.
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Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock , according to a newspaper report on Sunday.
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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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Embattled bank Northern Rock said on Wednesday it had been approached by several unnamed parties with a view to a possible takeover.
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SHANGHAI/LONDON  - Britain will back a plan to covert its lending to Northern Rock into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
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The Bank of England may have bailed out the crisis-hit bank Northern Rock but it still faces criticism over its largely muted response to the global credit squeeze.
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Chancellor of the Exchequer Alistair Darling is to make a statement to parliament Monday regarding the future of troubled mortgage lender Northern Rock.
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Chancellor of the Exchequer Alistair Darling is set to announce the nationalisation of troubled bank Northern Rock later Sunday, the BBC and Sky News television reported.
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A third potential suitor for Northern Rock is looking at the bank's books ahead of a possible offer, a report says.
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Northern Rock shareholders are set to grill bosses over its sale process, as ministers consider nationalisation.
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The British government said on Tuesday it was extending guarantee arrangements for Northern Rock  to cover some unsubordinated wholesale obligations of the stricken bank, whether existing now or in the future.