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Northern Rock

Investment

UK banks lose £71bn off market value in year

More than £71bn has been wiped off the market value of British banking stocks in the 12 months since the start of Northern Rock's downfall.

clock 12 September 2008 •

Mortgages

Northern Rock confirms 1,300 job cuts

Northern Rock has completed its redundancy talks with staff and confirmed 1,300 jobs have been cut.

clock 29 August 2008 •

Your profession

Rising arrears lead to £585m loss at NRock

Northern Rock has made a £585m loss in the first six months of 2008 following a sharp rise in arrears.

clock 05 August 2008 •

Your profession

NRock cuts 1,300 jobs in restructure

Northern Rock has announced 1,300 staff will lose their jobs as part of its restructuring programme.

clock 30 July 2008 •

Your profession

FSA appoints new retail markets MD to oversee IFAs

Jon Pain, a former MD of Cheltenham & Gloucester and ex chairman of the Council of Mortgage Lenders, has been appointed as the FSA's managing director of retail markets.

clock 28 July 2008 •

Your profession

New NRock CEO gets £700,000 basic salary

Gary Hoffman, vice chairman of Barclays, has been appointed as chief executive of Northern Rock on a basic salary of £700,000.

clock 23 July 2008 •

Your profession

King wants ability to trigger failing bank regime

Mervyn King has told MPs he would have liked the ability to trigger the special resolution regime to rescue the failing Northern Rock.

clock 22 July 2008 •

Your profession

FSA and BoE to get new powers in banking reform

Chancellor Alistair Darling has outlined plans for a new banking bill which will see the Bank of England (BoE) given powers for UK's financial stability along with added controls to the FSA.

clock 19 June 2008 •

Mortgages

Northern Rock exacerbates credit crunch - New Star

Northern Rock's speedy loan repayment could intensify the credit crunch, according to New Star economist Simon Ward.

clock 18 June 2008 •

Your profession

Independent valuer to assess NRock share compensation

The Treasury is searching for an independent valuer to assess any compensation due to Northern Rock's former shareholders.

clock 06 June 2008 •
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