Northern Rock

Abbey, which is controlled by Spanish banking juggernaut Santander, has hired the advisory firm Gleacher Shacklock to dispose of its Isle of Man offshore banking unit.

The Government has reached a mortgage market crossroads, with Northern Rock at risk as a result of its plan to offer more mortgage products, Datamonitor warns.

The Government plans to inject up to £14bn into the UK mortgage market through nationalised lender Northern Rock, ministers have announced today.

Northern Rock's shareholders have lost their legal battle to receive compensation from the Government

The FSA is preparing to take tough action on senior management personnel at financial services companies after major failings were identified in its handling of Northern Rock.

Northern Rock's nationalisation earlier this year was avoidable, according to the UK Shareholders Association (UKSA).

The Government is to issue judges with new guidelines on dealing with repossessions.

Northern Rock has been accused of aggressively repossessing homes from struggling mortgage customers by the charity Credit Action.

Fears on the stability of Britain's financial institutions drove nervous savers to the ‘safe' Government-owned Northern Rock in September.

The Government this morning nationalised the UK's eighth-largest bank Bradford & Bingley, with Santander taking on the beleaguered lender's savings business.