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Northern Rock

Your profession

FSA accused of favouring banks over IFAs

The FSA spends too much time and money chastising small firms for the problems facing the financial services industry, and not enough pursuing the biggest culprits: the banks.

clock 07 February 2008 •

Your profession

Virgin leads NRock race with £1.25bn bid

Richard Branson's Virgin Group has placed the highest bid for Northern Rock, it was revealed last night.

clock 05 February 2008 •

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 •

Your profession

Virgin to bid for Rock on Monday

Sir Richard Branson has confirmed the Virgin Group will lodge a bid for beleaguered lender Northern Rock on Monday.

clock 31 January 2008 •

Your profession

Heads should roll at the FSA - Cable

Vince Cable has today questioned the sense of giving the FSA a bigger role in the wake of the Northern Rock fiasco.

clock 30 January 2008 •

Your profession

Industry welcomes 'financial stability' proposals

The financial services industry has welcomed a consultation on proposals to improve the systems currently in place when banks run into trouble.

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

Rock shares up 53% on Gov rescue plan

Northern Rock's share price has surged 53% this morning as the government announces a new 4 February bid deadline for the stricken lender.

clock 21 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 •
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