Rock borrows extra £3bn from Bank

[Legal Beagles]

Northern Rock's borrowing from the Bank of England appeared to accelerate yesterday as the central bank revealed an extra £3bn of "other" lending. The stricken mortgage lender now appears to have borrowed £16bn in less than five weeks since the Bank of England agreed to support it with emergency funding.

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[Legal Beagles]

Bank 'lends Northern Rock £23bn'

Northern Rock has borrowed almost £23bn in emergency funding from the Bank of England, figures indicate.

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[Legal Beagles]

Northern Rock borrows a further £2.2bn from Bank

Northern Rock appears to have borrowed a further £2.2bn from the Treasury in the past week, taking its total emergency borrowing to £22.8bn.

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[Legal Beagles]

Tories call for bank assurances

The Tories seek assurances that taxpayers' interests are safeguarded over Northern Rock bank.

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[Legal Beagles]

Rock offers 'undervalue the bank'

Northern Rock says that proposals received so far from potential investors are "materially below" the firm's share price.

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[Legal Beagles]

Bank of England governor was warned of Northern Rock collapse two years ago

Bank of England governor Mervyn King was warned two years ago that Northern Rock was in danger of collapse - but he brushed the concern aside dismissively

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[Legal Beagles]

Rival UK bank eyes Rock stake

Bradford & Bingley has approached Northern Rock about buying a stake in the lender, the BBC learns.

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[Legal Beagles]

How married Northern Rock chief enjoyed an affair with a junior employee as the bank

The former boss of beleaguered Northern Rock conducted an affair with a junior employee while the bank was heading towards collapse. Adam Applegarth, 45, who left his post as chief executive this month, had a secret relationship with Amanda Smithson from the company's buy-to-let division

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[Amethyst]

Re: How married Northern Rock chief enjoyed an affair with a junior employee as the b

what does that have to do with the price of fish ?

[Legal Beagles]

Secret bonuses double salaries of Northern Rock staff (while our billions are proppin

Senior staff at beleaguered Northern Rock have received secret bonuses doubling their salaries ? at a time when the bank is being propped up by billions of pounds of taxpayers' money

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[Legal Beagles]

Government rescue bid for Northern Rock could be illegal under EU law, Brown warned

Nationalising Northern Rock could raise the prospect of a legal challenge and years of shareholder claims, Gordon Brown was warned yesterday. Insiders at the bank expressed concerns over whether the Prime Minister's contingency plan to rescue it will pass EU rules governing illegal state aid

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[Legal Beagles]

Private sector solution for Northern Rock still the preferred option for government,

Chancellor continued to insist this morning that a private sector solution was the government's preferred option for Northern Rock even as shares in the stricken bank slumped 15% on fears that it would soon be nationalised

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[Legal Beagles]

Government rescue bid for Northern Rock could be illegal under EU law, Brown is warne

Nationalising Northern Rock could raise the prospect of a legal challenge and years of shareholder claims, Gordon Brown was warned yesterday. Insiders at the bank expressed concerns over whether the Prime Minister's contingency plan to rescue it will pass EU rules governing illegal state aid

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[Legal Beagles]

Northern Rock defeats key shareholders

BRITISH Bank Northern Rock today defeated most of the plans by rebel shareholders to limit management's ability to sell the group without consulting investors.

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[Legal Beagles]

Northern Rock: 'I have winnable package' says Branson as statement on future is promi

Virgin boss Sir Richard Branson said today he believed he had a "winnable package" to see his bid for the ailing Northern Rock bank succeed. Sir Richard, speaking in Shanghai where he is accompanying Prime Minister Gordon Brown, said some Chinese money could be involved in his package

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