Government takes first steps for bank nationalisation
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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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Chancellor Alistair Darling is to outline banking legislation aimed at  preventing another Northern Rock-style crisis.
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The British government faced questions Monday over its economic competence after nationalising Northern Rock, the beleaguered mortgage lender that fell victim to the global credit crunch six months ago.
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Britain decided to nationalize Northern  Rock  on Sunday, abandoning a five-month attempt to  snare a private sector buyer for the ailing bank and piling  more pressure on Prime Minister Gordon Brown.
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The Irish Bank Officials Association (IBOA) has held a strategy meeting about the future of National Irish and Northern Banks. It follows the recent High Court Inspectors report into National Irish Bank and
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Measures to nationalise bank come under fire from MPs but second reading of bill is passed
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Britain's financial watchdog is to be given new powers to intervene in failing banks to avoid a repeat of the Northern Rock crisis, Chancellor of the Exchequer Alistair Darling said in an interview out Friday.
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The government faced a barrage of criticism on Monday over its decision to nationalise the Northern Rock bank, amid questions over its reputation for economic competence.
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British Prime Minister Gordon Brown  faced a political and public backlash on Monday after his  decision to take ailing bank Northern Rock Plc  into  public ownership, the first UK nationalization since the 1970s.
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Business & money: Pressure mounts on government to nationalise bank after activist investor increases shareholding
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UK banks have welcomed the Chancellor's plans to protect people's savings, in the light of Northern Rock.
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NEW DELHI: PM Manmohan Singh said on Saturday public sector companies and nationalised banks would be encouraged to enter the capital market to raise resources and offer new investment avenues to retail investors.
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Gordon Brown unveils changes to the way Bank of England monetary policy committee is appointed.
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The nationalization of Northern Rock is a huge blow for the government of Prime Minister Gordon Brown.
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Business & money: Government tells two groups bidding for Northern Rock to improve their offers or see bank nationalised
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LONDON  - Britain opened its first bank on Wednesday that promises to fully abide by Sharia, or Islamic, law, meaning it won't give or receive interest, and will invest only in ethical industries, a guideline that bars alcohol and tobacco companies.
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The Government is to announce its decision on the future of beleaguered bank Northern Rock today