Bank of England to bail out British lender: reports
93851
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.
103337
Northern Rock, one of Britainâs biggest casualties of the credit crisis, sold part of its mortgage portfolio to JPMorgan as it seeks to repay about Â£25 billion, or $49 billion, in emergency financing.
21572
The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty of the credit squeeze sparked by the crisis in the U.S. subprime mortgage market.
162282
The Bank of England said Friday it had approved emergency funding for British bank Northern Rock PLC to help the company overcome a liquidity crisis
664599
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.
310787
Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock , according to a newspaper report on Sunday.
619827
Northern Rock shares fall further after a claim the bank has borrowed more money from the Bank of England.
289764
SHANGHAI/LONDON  - Britain will back a plan to convert 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.
310242
The Bank of England is set to offer lenders an extra Â£10bn in funds to limit the impact of a credit crunch.
141002
The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty so far of a credit squeeze.
218640
US financial services group GMAC will lead a rescue bid for stricken bank Northern Rock, according to a media report on Sunday.
143504
Barclays  and Royal Bank of Scotland  have lined up emergency funds of up to $30 billion from the U.S. Federal Reserve to bail out American clients caught up in the global credit crunch, a paper said.
741141
Three leading hedge funds are planning a  break-up of beleaguered British bank Northern Rock ,  according to a newspaper report on Sunday.
228591
Banks will be now able to borrow additional funds from the Bank of England in a move aimed at reducing the "credit squeeze".
211274
Continental European policymakers reacted with surprise to the news that Northern Rock was being bailed out, suggesting the Bank of England had taken the decision to act without extensive consultation with its European partners.
580133
British Prime Minister Gordon Brown on Saturday confirmed receipt of a key report on the future financing of British bank Northern Rock, after claims its loans will be converted into bonds and sold.
150729
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's other major banks, the Sunday Telegraph said.