FSA 'failed over Northern Rock'
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A key committee of MPs says the Financial Services Authority failed in its duty over the Northern Rock crisis.
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Â· Run on Northern Rock escalatesÂ· Fears over second bankÂ· Intervention too slow, say critics
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Northern Rock said it had taken a 281 million pound ($574 million) hit, or two-thirds of its market value, from its exposure to the credit crisis, adding to its woes as it brought in a new chief executive.
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Details on 11 million customers went awol The Financial Services Authority (FSA) has fined The Nationwide Building Society Â£980,000 for the loss of a laptop which contained "confidential customer data" on 11 million customers.â¦
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Chancellor Alistair Darling comes under fire from the Tories and Lib Dems over his handling of Northern Rock.
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No takeover move in imminent for troubled mortgage lender Northern Rock, the BBC learns.
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Northern Rock shareholder SRM warns the Treasury not to nationalise Northern Rock for less than a fair price.
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The wrangling over Turner &amp; Newall&#39;s pension fund continued at the weekend as the scheme&#39;s trustee formally rejected an offer from the group&#39;s US parent Federal-Mogul to inject Â£65m into the fund.
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Shares in Northern Rock dropped 40 percent to a 7-year low in London after customers reportedly withdrew at least Â£2 billion, or $4 billion.
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'A master class in bad decision making' Rushed testing of IT and poor management led to the failure of the single payments scheme for farmers, says a parliamentary report.â¦
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Crisis-hit bank's stock hits all-time low after Treasury warns it will not protect new customers.
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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, Chancellor of the Exchequer Alistair Darling said in an interview out Friday.
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The rescue of British bank Northern Rock   could get bogged down in a legal battle as shareholders  criticized the government's handling of the five-month crisis  just as a decision nears.
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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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The prime minister is accused of "dithering" and failing to deal quickly enough with the Northern Rock crisis.
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Business & money: Northern Rock monitoring criticised by CBI boss.
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Business & money: Three lenders pull 'irresponsible' mortgages after Northern Rock comes under fire over similar deals