Britain to Nationalize Northern Rock Bank
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LONDON, Feb. 17 -- Treasury chief Alistair Darling said Sunday that struggling bank Northern Rock will be nationalized, after the government rejected two private takeover bids.
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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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Chancellor warns nationalisation could be the 'more appropriate' solution for Northern Rock
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Britain's Labour government Tuesday agreed to extend its guarantee to all customer deposits held at Northern Rock as the British bank severely hit by the global credit squeeze awaits being taken over.
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The Bank of England was authorized to provide a âliquidity support facilityâ to Northern Rock, prompting a sell-off of British bank stocks.
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The Bank of England agrees to give emergency financial support to mortgage lenders Northern Rock.
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British Prime Minister Gordon Brown  faced a political and public backlash on Monday after his  decision to take ailing bank Northern Rock Plc  into  public ownership, the first UK nationalization since the 1970s.
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The government has plans in place to use legislation if the Northern Rock bank is nationalised, the BBC learns.
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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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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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British Prime Minister Gordon Brown faced a political and public backlash on Monday after his decision to take ailing bank Northern Rock Plc  into public ownership, the first UK nationalization since the 1970s.
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The Treasury tips Ron Sandler to be Northern Rock boss should the bank be nationalised.
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The Bank of England has agreed to provide emergency funding to mortgage lender Northern Rock after it fell victim to the liquidity squeeze in the banking sector, media reports said on Thursday.
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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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Prime Minister Gordon Brown's government faced accusations of mismanagement Monday as it began nationalizing stricken mortgage lender Northern Rock PLC Â the first time in 20 years that a private company has been taken into public ownership.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200.6 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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Britain has lined up respected executive  Ron Sandler to run Northern Rock  should the stricken  bank be nationalized, fuelling expectations the government  could announce a move to state control within days.