Britain's troubled Northern Rock loses chief executive
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Northern Rock said Thursday that chief executive Adam Applegarth, who had previously announced his resignation, had left the company.
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British finance minister Alistair Darling announced on Sunday the temporary nationalisation of troubled bank Northern Rock, which was hit by the global credit crunch in August.
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Â· Northern Rock shares drop 30% after rescueÂ· Bank websites down as customers panic
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The FTSE 100 fell into negative territory Friday after mortgage lender Northern Rock shed a quarter of its market value after relying on the Bank of England to solve its lack of liquidity.
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WASHINGTON Under heavy pressure from regulators, Fannie Mae, the US mortgage finance giant, has forced out its chairman and chief executive, Franklin Raines, days after the company was found to have violated accounting rules.
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The founder and chief executive of Trident Microsystems, Frank C. Lin, resigned yesterday after a committee found that incorrect dates were used while awarding stock options to employees.
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Northern Rock Chairman Matt Ridley has resigned from  his post, the troubled bank says.
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Troubled bank Northern Rock will be taken into public ownership, the BBC's business editor reports.
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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.
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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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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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Jeffrey B. Lane will replace a senior executive whose unit ran two hedge funds that nearly collapsed this month.
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Enron Corp. ENRNQ.PK said Friday  Chief Financial Officer Raymond Brown resigned and will be  replaced on an interim basis by Robert Bingham.
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Peers are expected to clash over Northern Rock amid claims its best assets have been 'hived off' to a private firm.
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Bank of England chief Mervyn King has been reappointed for another five years, the government announced Wednesday, ending speculation over his future due to the Northern Rock bank crisis.
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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.
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Northern Rock chief executive Adam Applegarth resigns from his job at the housebuilder Persimmon.