The turbulence in the world financial markets during 2008 is blamed on a failure in the banking system. While it is certainly true that many leading banks acted imprudently and incompetently, the cris..

Mervyn King, Governor of the Bank of England, is normally noted for his restrained and diplomatic language in statements concerning interest rates and the general performance of the UK economy.However..

The sight of worried depositors waiting in line outside branches of the Northern Rock Bank in England during September 2007 is a spectre which Gordon Brown wishes to banish from the UK high street. Th..

When the Federal Reserve Bank facilitated the takeover of Bear Stearns by JP Morgan, they provided an object lesson in central bank responsibility which the Bank of England should study and digest. T..

Northern Rock has been a cloud over the UK financial sector since it ran out of cash in August 2007. This was due to the fact that most of its funds were being raised in the wholesale market, that is ..

Northern Rock plc was nationalised by the UK government and the shares suspended on 18 February 2008.There are several groups of interested parties in Northern Rock. They are the shareholders, deposit..

The future of Northern Rock, the beleaguered UK bank still remains uncertain after the deadline of 4 February 2008 for bids from interested parties.The UK government is seeking to convert the estimate..

In the aftermath of the disastrous run on the Northern Rock Bank during September 2007, the Bank of England began to realize the enormity of the calamity which had unfolded.Instead of pumping money in..

The handling of the liquidity crisis at Northern Rock by the UK authorities has become a major embarrassment for the government and Gordon Brown in particular. The new Prime Minister has always stress..