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Bank of England

Your profession

Olivant pulls out of NRock race

Olivant, the investment vehicle headed by former Abbey boss Lugman Arnold, has pulled out of the bidding race for Northern Rock.

clock 04 February 2008 •

Your profession

Northern Rock bid deadline looms

Bidders are expected to submit their formal proposals to takeover Northern Rock ahead of today's deadline.

clock 04 February 2008 •

Mortgages

MPC to follow Fed's lead - AMI

The Bank of England will follow its US equivalent's lead and cut interest rates this month, the Association of Mortgage Intermediaries (AMI's) quarterly report predicts.

clock 01 February 2008 •

Mortgages

Mortgage approvals fall for seventh month

The number of approved mortgages fell for the seventh consecutive month in December, according to the Bank of England.

clock 30 January 2008 •

Your profession

Failed banks to be handled by new BoE office

The Treasury Select Committee has proposed giving powers to deal with failing banks to a single member of the Tripartite Authorities as part of a report into the near collapse of Northern Rock.

clock 28 January 2008 •

Your profession

Inflation concerns dominate MPC vote

The Bank of England's Monetary Policy Committee (MPC) voted 8-1 to keep interest rates on hold it was revealed today.

clock 23 January 2008 •

Your profession

BoE indecision is risking the economy - Assetz

The Bank of England's decision to hold interest rates at the beginning of the year could risk the UK economy, according to Assetz chief executive Stuart Law.

clock 22 January 2008 •

Mortgages

Fixed rates fail to respond to BoE cuts

December's cut in interest rates has had no effect on fixed-rate mortgage deals, with the average fixed-rate actually rising by 0.01%, according to Moneysupermarket.com.

clock 16 January 2008 •

Your profession

NRock wins vote despite majority support for hedge funds

The hedge funds challenging Northern Rock's directors, RAB Capital and SRM Global, have been largely defeated in today's extraordinary general meeting (EGM).

clock 15 January 2008 •

Your profession

NRock's fate to be decided tomorrow

Northern Rock shareholders are to attend an Extraordinary General Meeting (EGM) tomorrow to discuss the bank's future.

clock 14 January 2008 •
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