Paper says N.Rock turned down JPMorgan funding help
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Northern Rock  turned down an offer of 500 million pounds in funding from U.S. investment bank JPMorgan  that could have eased its liquidity problems, the Daily Telegraph said on Friday.
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Stricken bank Northern Rock said Friday it had sold part of its mortgage book to US investment bank JP Morgan for 2.25 billion pounds (4.39 billion euros, 2.97 billion dollars) in cash.
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New Century Financial Corp. ,  whose shares fell 25 percent on Thursday amid speculation it  would seek bankruptcy protection, said it has received $265  million in financing, but stopped accepting loan applications  after some lenders blocked its credit lines.
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Royal Bank of Scotland , Barclays   and Citigroup  have offered to securitise half of  the Bank of England's emergency loan to Northern Rock ,  The Sunday Telegraph reported, without citing sources.
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JPMorgan Chase & Co  said on  Wednesday quarterly profit fell a worse-than-expected 24  percent as the No. 3 U.S. bank lost $1.3 billion on risky  mortgages and set aside more money for rising losses on  home-equity and auto loans.
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MANCHESTER, England -- Malcolm Glazer&#39;s hopes of gaining control of Manchester United have suffered a blow with reports that bankers JP Morgan have withdrawn support for his takeover bid.
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Royal Bank of Scotland , Barclays  and Citigroup  have offered to securitise half of the Bank of England's emergency loan to Northern Rock , The Sunday Telegraph reported, without citing sources.
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Stricken lender Northern Rock is continuing to struggle to attract a buyer, a newspaper report claims.
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Northern Rock on Tuesday defeated most of the plans by rebel shareholders to limit management's ability to sell the group without consulting investors.
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NEW YORK, September 15 (New Ratings) - JP Morgan Chase &amp; Company (JPM.NYS) has decided to cancel a $5 billion IT infrastructure outsourcing agreement with International Business Machines Corporation (IBM), and plans to rehire about 4,000 employees
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J.P. Morgan Chase & Co. JPM.N posted  lower third-quarter earnings on Wednesday, missing analyst  expectations, as costs from its July merger with Bank One Corp.  and anemic fixed-income trading revenue hurt profits.
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Nomura, the Japanese investment bank, has been hired to advise on ways to block a possible takeover bid for the English football club Manchester United by Malcolm Glazer, the Financial Times reported today, without identifying sources.
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British insurer Prudential Plc  said on Sunday it had rejected an approach for online bank Egg, after the Sunday Times newspaper reported that U.S. bank Citigroup Inc.  was considering a bid for Egg.
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WMC, the Australian mining firm, turns down a $5.5bn bid from Swiss company Xstrata but says it is willing to hold talks on a deal.
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Britainâs treasury chief said that the struggling bank Northern Rock will be nationalized after the government rejected two private takeover bids.
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Northern Rock confirms that it will not pay its dividend and says it is in talks to sell some or all of the bank.
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A Bank of America spokesman declined to comment on a Merrill Lynch research report that suggested the second largest US bank might be interested in taking over Britain's Barclays bank.