Northern Rock share price crumbles again
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Bank plunges as rumours sweep through market that it could be taken over at knockdown price.
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The board of embattled Northern Rock PLC faced shareholders Tuesday amid growing speculation that Britain's biggest casualty of the global credit crisis will be nationalized.
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Shares in troubled bank Northern Rock fell heavily on Wednesday, reversing earlier gains amid uncertainty over the group&#39;s future after two major shareholders cut their holdings.
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Fears grew on Saturday that panic among  savers at British bank Northern Rock  will see a run of  withdrawals after reports that 1 billion pounds had already  been taken out.
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The share price in embattled bank Northern Rock plunged by 29 percent to 311 pence at the start of trading on the London Stock Exchange on Monday.
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UK blue chips closed lower as Wall Street remained weaker with the banking sector heavily hit, as Northern Rock dropped sharply again.
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Stocks fell yesterday as heavy withdrawals from the British bank Northern Rock reignited concern over the cost of credit and sent the Standard & Poorâs 500-stock index down for the first time in five days.
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Asian and European stocks fell on Monday while sterling hit a one-year low as concerns over financing for banks grew after UK mortgage lender Northern Rock  tapped the Bank of England for an emergency loan last week.
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Stocks fell on Monday as savers demanded their money back from embattled British bank Northern Rock , adding to global credit concerns before an expected U.S. interest rate cut this week.
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On Thursday 13th September, after the market had closed, the Bank of England announced to have provided emergency cash to Northern Rock, the fifth largest mortgage lender in the country. The Bank of England played down the intervention, saying that it is not a "bail-out" but rather a loan meant to ease the bank's difficulties in financing its short-term operations in the face of the recent market turmoil. The bank's assets are reportedly solid and there is no risk for shareholders.  In spite of this reassurance, the stock price of this former market darling tumbled 30% on Friday. People were seen queing outside branches while the website went down as the bank clients rushed to withdraw their money using the online banking facility.  It's the first time in my life I've seen that Great Depression staple, the bank run.
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Stricken lender Northern Rock is continuing to struggle to attract a buyer, a newspaper report claims.
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Â· Northern Rock shares drop 30% after rescueÂ· Bank websites down as customers panic
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TORONTO -- Non-energy income trusts continue to disappoint investors, with two more cutting or suspending cash distributions to unit-holders this week and causing the value of their units to plummet.
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London equities fell on Friday after Northern Rock went to the Bank of England to arrange emergency financial support, a move that led to a two-year profit warning and undermined share prices in its peers.
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The lender continues to disappoint the Street with share-killing headlines.
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Northern Rock will not pay the interim dividend it announced in July, BBC business editor Robert Peston learns.
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UK property prices fell for a second month in a row in December, the Nationwide building society says.