Crisis measures for Northern Rock
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Emergency legislation is to be introduced to temporarily nationalise the stricken Northern Rock bank.
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Thousands of nervous customers queued  for hours outside branches of British bank Northern Rock on  Saturday desperate to withdraw savings after it was forced to  seek emergency funds to weather the global credit crunch.
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Bailed-out British bank Northern Rock was hoping Sunday its attempts to reassure panicking customers would pay off as the lender tried to avoid falling victim to the global credit squeeze.
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Mortgage lender Northern Rock calls on Bank of England to provide emergency funding.
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Chancellor of the Exchequer Alistair Darling on Wednesday outlined proposals for a radical reform of banking regulations to prevent another Northern Rock-style crisis.
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British finance minister Alistair Darling called Friday for &quot;international action&quot; to confront risks to stability in the banking sector after the bailout of major British mortgage lender Northern Rock.
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The British government was to introduce emergency legislation Monday to temporarily nationalize Northern Rock PLC amid strident criticism of the move from opposition lawmakers and shareholders in the stricken mortgage lender.
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The government Tuesday took the first steps in parliament towards nationalising troubled mortgage lender Northern Rock, the troubled bank rocked by the global credit crunch six months ago.
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The Bank of England has stepped in to provide emergency financial support to Britain&#39;s fifth-largest mortgage lender Northern Rock, the latest institution to fall victim to market turmoil, officials confirmed Friday.
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The Bank of England may have bailed out the crisis-hit bank Northern Rock but it still faces criticism over its largely muted response to the global credit squeeze.
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The government faces calls to overhaul the way banks are monitored after a report into the  Northern Rock crisis.
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Northern Rock waits to see if a government pledge to protect accounts will reassure its customers.
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Shares in troubled British bank Northern Rock were suspended on Monday as the group, devastated by the global credit crunch, said it would be taken into public ownership in the coming days.
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The board of Northern Rock  is considering mounting a rescue plan to save the ailing British bank from nationalisation or takeover, the Sunday Times reported.
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The Bank of England has offered an  emergency loan to Northern Rock after the mortgage lender  became the biggest British casualty so far of the credit  squeeze sparked by the crisis in U.S. subprime mortgage  markets.
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Prime Minister Gordon Brown's government faced accusations of mismanagement Monday as it began nationalizing stricken mortgage lender Northern Rock PLC Â the first time in 20 years that a private company has been taken into public ownership.
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The Northern Rock applies to the Bank of England for emergency financial support, the BBC  learns.