Chancellor offers reassurance over Northern Rock
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Chancellor of the Exchequer Alistair Darling voiced confidence Monday that the country&#39;s economy can weather the storm surrounding the Northern Rock bank.
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The chancellor appeals for unity after Tony Blair again dismisses reports of a broken leadership deal.
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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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Chancellor Alistair Darling says the UK's system of banking regulation needs to be changed after the run on the Northern Rock.
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Alistair Darling defends his handling of the Northern Rock crisis, after an MPs report criticises his actions.
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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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Chancellor of the Exchequer Alistair Darling on Sunday defended his handling of the crisis at troubled bank Northern Rock, after a highly critical report by an influential committee of lawmakers.
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Chancellor of the Exchequer Alistair Darling on Wednesday outlined proposals for a radical reform of banking regulations to prevent another Northern Rock-style crisis.
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Shares in troubled mortgage lender Northern Rock rose on a promise by the central bank to back its deposits, but worried customers continued to line up Tuesday to withdraw their savings.
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Britain's finance minister said on  Wednesday he was working on a set of measures which will allow  the government to launch emergency rescues if other banks run  into trouble similar to that experienced by Northern Rock.
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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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Britain's financial watchdog is to be given new powers to intervene in failing banks to avoid a repeat of the Northern Rock crisis, finance minister Alistair Darling said in an interview out Friday.
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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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The government weighed in Monday to stem panic at the crisis-wracked Northern Rock bank, vowing to protect all savings as customers queued for a third straight day to withdraw cash.
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Chancellor continues to insist private sector solution is government's preferred option for bank
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Business & money: Chancellor denies any government blame and says regulator should have raised alarm earlier.
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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.