No pay-off for Northern Rock boss
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There will be no pay-off for Northern Rock chairman Matt Ridley, who resigned on Friday.
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Angry lawmakers grilled the Bank of England's governor Thursday about why he failed to prevent a run on deposits at mortgage lender Northern Rock PLC, but the governor countered by blaming the banking industry for creating a credit crisis.
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Up to Â£50m of government funds set aside to help MG Rover workers has not been used, official figures show.
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Northern Rock confirms that it will not pay its dividend and says it is in talks to sell some or all of the bank.
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Shares in embattled British bank Northern Rock  tumbled 20 percent to an all-time low on Wednesday as speculation of a cut-price takeover bid combined with stake sales from two investors stoked concerns over its future.
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Northern Rock's government guarantee achieves limited success.
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The owners of the Belfast bank that was robbed of Â£20million will have to bear the cost of the raid. National Australia Bank today confirmed it had no external insurance policy to offset the losses of the UK&#39;s biggest bank raid.
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The prime minister is accused of "dithering" and failing to deal quickly enough with the Northern Rock crisis.
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Stricken lender Northern Rock is continuing to struggle to attract a buyer, a newspaper report claims.
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Northern Rock  named director Andy Kuipers as chief executive in a long-awaited update on Thursday, but also said it would take a 281 million pound ($574 million) hit from its exposure to the credit crisis.
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Criticism grows over the Government's rescue of Northern Rock and its savers even as the run on the bank seems to have eased.
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Business & money: Government to get tough with bidders for Northern Rock during crisis meetings
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Northern Rock says it has not yet had to borrow emergency Bank of England cash, as savers are urged not to panic.
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THE IRA today denied any involvement in the Â£22 million raid on the Northern Bank headquarters in Belfast. A senior republican source claimed: &quot;We are dismissing any suggestion or allegation that we were involved.
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Business & money: Banks and venture capital study government plan for Northern Rock - whilst Branson refuses to match Olivant offer for lender
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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty so far of a credit squeeze.
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Northern Rock on Tuesday defeated most of the plans by rebel shareholders to limit management's ability to sell the group without consulting investors.