Northern Rock names new chairman
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Northern Rock PLC said Friday it was replacing its chairman, after two months of troubles during which the mortgage lender took emergency funding from the Bank of England and saw the first run on a British bank in nearly a century.
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Britain's finance minister Alistair Darling is set to announce the nationalisation of troubled bank Northern Rock later Sunday, the BBC and Sky News television reported Sunday.
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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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A new face in the boardroom heralds change for the troubled company.
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England&#39;s Football Association appointed television boss Brian Barwick as its new chief executive late Thursday, three months after a sex scandal forced out his predecessor.
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Northern Rock will hold an emergency meeting for shareholders on its sale process on 15 January.
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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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SANTANDER, the new owner of Abbey National, yesterday unveiled Francisco Gomez-Roldan, the Spanish bank&#39;s chief financial officer, as Abbey&#39;s chief executive as it took another step towards finalising the Â£9bn all-share acquisition.
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Spanish energy company Gas Natural said it had appointed Savaldor Gabarro as chairman to replace Antonio Brufau, who is replacing Alfonso Cortina at the country's leading energy group Repsol YPF.
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The government named Reserve Bank of India deputy governor Rakesh Mohan as the country's new finance secretary, an official statement said on Tuesday.
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Northern Rock Chairman Matt Ridley has resigned from  his post, the troubled bank says.
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Bank of England Governor Mervyn King is set to testify to a parliamentary oversight committee on Thursday over the recent Northern Rock crisis, with questions being raised over his tenure.
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Kevin Keegan says new executive director Dennis Wise will be under his command at Newcastle.
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Anglo-Australian mining giant Rio Tinto has said that Tom Albanese, the group's resources director, would become chief executive next year.
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Northern Rock shares rebound on Monday after a week in which its stock tumbled in the wake of a credit crisis.
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Memory maker names new CEO and chairman in the midst of its "next phase of growth."
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The board of embattled Northern Rock PLC faced shareholders Tuesday amid growing speculation that Britain's biggest casualty of the global credit crisis will be nationalized.