Northern Rock sale talks confirmed
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Discussions are taking place to secure a private sale of Northern Rock, Gordon Brown confirms.
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Mining stocks made gains on Thursday amid talk of further M&A activity.
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Embattled British bank Northern Rock   is preparing for a sell-off that could see its 100  billion pound ($202 billion) mortgage portfolio divided between  the country&#39;s other major banks, the Sunday Telegraph said.
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TORONTO - TD Bank confirmed Wednesday it is negotiating a possible deal that could see it buy a stake in Banknorth Group Inc. of Maine.
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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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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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Northern Rock shares surge almost 14% in early trade after the troubled bank says it is in takeover talks.
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Troubled bank Northern Rock will be taken into public ownership, the BBC's business editor reports.
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Business & money: Government tells two groups bidding for Northern Rock to improve their offers or see bank nationalised
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Northern Rock confirms that it will not pay its dividend and says it is in talks to sell some or all of the bank.
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Potential purchasers of Northern Rock will have until February 4 to make a bid to the government
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The sale of National Australia Bank&#39;s Irish businesses reached a surprise conclusion yesterday when Denmark&#39;s Danske Bank clinched a Â£967m takeover.
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Northern Rock shares rebound on Monday after a week in which its stock tumbled in the wake of a credit crisis.
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The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
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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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The British Treasury said it would facilitate a sale of the troubled mortgage lender while trying to ensure that taxpayers will not have to pay for the bankâs rescue.
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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.