BoE offers emergency support to Northern Rock
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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty of the credit squeeze sparked by the crisis in the U.S. subprime mortgage market.
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The board of Northern Rock is  considering mounting a rescue plan to save the ailing British  bank from nationalisation or takeover, the Sunday Times  reported.
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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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Â· Northern Rock shares drop 30% after rescueÂ· Bank websites down as customers panic
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Thousands of nervous customers queued  for hours outside branches of British bank Northern Rock on  Saturday desperate to withdraw savings after it was forced to  seek emergency funds to weather the global credit crunch.
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Northern Rock will hold an emergency meeting for shareholders on its sale process on 15 January.
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The Bank of England agrees to give emergency financial support to mortgage lenders Northern Rock.
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Thousands of nervous customers queued for hours outside branches of British bank Northern Rock on Saturday desperate to withdraw savings after it was forced to seek emergency funds to weather the global credit crunch.
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The government Tuesday took the first steps in parliament towards nationalising troubled mortgage lender Northern Rock, the troubled bank rocked by the global credit crunch six months ago.
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Treasury broadens its support as fears grow that stricken bank will have to be nationalised
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The Bank of England will offer additional reserves to lenders Tuesday as part of a global attempt to tackle the deepening credit crisis.
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Royal Bank of Scotland , Barclays  and Citigroup  have offered to securitise half of the Bank of England's emergency loan to Northern Rock , The Sunday Telegraph reported, without citing sources.
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The Northern Rock applies to the Bank of England for emergency financial support, the BBC  learns.
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Chancellor Alistair Darling is to outline banking legislation aimed at  preventing another Northern Rock-style crisis.
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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty so far of a credit squeeze.
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The Office for National Statistics announced Thursday that the country's public finances data would incorporate the liabilities of the crisis-hit bank Northern Rock.
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The Bank of England has offered an  emergency loan to Northern Rock after the mortgage lender  became the biggest British casualty so far of the credit  squeeze sparked by the crisis in U.S. subprime mortgage  markets.