Northern Rock

Savers are demanding an increase in the level of compensation paid in the event of a bank going bust, research suggests.

Weekly balance sheets released by the Bank of England (BoE) may reveal the size of an emergency loan supplied to Northern Rock, an economist suggests.

The Treasury Committee will question the FSA about its role in the Northern Rock crisis next month, according to a statement.

The FSA has for the first time spoken of the severity of the problems facing the UK financial services industry, its chairman last night declaring "these are not easy times".

Mervyn King, governor of the Bank of England, says legislation and regulation have made the crisis in the banking industry more difficult to deal with.

F&C fund manager Ted Scott says he has reduced holdings in Northern Rock in the wake of its market struggle but maintains he is confident in the banking sector as a whole.

The Government has come under fire for pledging to support Northern Rock savers with some critics asking: ‘what makes them so special'.

An attempt to organise a takeover of Northern Rock was underway last night, according to The Times , as regulators, government and bank officials sought to rescue Britain's fifth largest mortgage lender before panic among its customers leaves it beyond...

Mortgage giant Northern Rock has crumbled in early trading, pushing the FTSE 100 down 37.90 points, or 0.58% to 6521.40.

Northern Rock is poised to leapfrog Abbey and Lloyds TSB to become Britain's third-biggest mortgage lender, according to the Times .