Northern Rock nationalised in £100billion gamble but shareholders will get nothing

[Legal Beagles]

Banks protest at Northern Rock's 'unfair government owned advantage'

A revolt was growing today against the 'business as usual' plan for Northern Rock. In the City, rival banks protested that the nationalised company could enjoy a huge competitive advantage over them and steal business away

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[Legal Beagles]

Banks protest at Northern Rock's 'unfair Government-owned advantage'

A revolt was growing today againstthe 'business as usual' plan forNorthern Rock. In the City, rival banks protested thatthe nationalised company could enjoya huge competitive advantage overthem and steal business away

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[Legal Beagles]

Banks' protests over the 'blank cheque' for Northern Rock

Labour was accused of signing a 'huge blank cheque' on behalf of the taxpayer last night as emergency laws nationalising Northern Rock were rushed through the Commons. The Tories warned that the Government had no idea how much it would have to pay for crippled bank - but could have to find £2billion within months just to take it into public ownership

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[Legal Beagles]

Banks protest over the 'blank cheque' for Northern Rock

Labour was accused of signing a 'huge blank cheque' on behalf of the taxpayer last night as emergency laws nationalising Northern Rock were rushed through the Commons. The Tories warned that the Government had no idea how much it would have to pay for crippled bank - but could have to find £2billion within months just to take it into public ownership

More...

[Legal Beagles]

Banks protest over the 'blank cheque' for Northern Rock

Labour was accused of signing a 'huge blank cheque' on behalf of the taxpayer last night as emergency laws nationalising Northern Rock were rushed through the Commons. The Tories warned that the Government had no idea how much it would have to pay for the crippled bank - but could have to find £2billion within months just to take it into public ownership

More...

[Legal Beagles]

Northern Rock shareholders today accused the government of 'rigging' the valuation

Investor group argues that Labour proposals to appoint an independent valuer of Northern Rock's shares showed that ministers were determined to pay nothing for the bank

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[Legal Beagles]

Taxpayers left with Northern Rock 'rubbish' thanks to offshore company

Gordon Brown faced furious protests last night when it emerged that Northern Rock's best assets have gone to an offshore company leaving taxpayers with nothing but 'rubbish'. Opposition MPs warned that, as a result of nationalisation, the public could be forced to shell out billions more to the offshore trust called Granite

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[Legal Beagles]

Northern Rock Bill Gets Royal Assent After Peers Back Down

Northern Rock's nationalisation has become law after a bitter Parliamentary "ping pong" between MPs and the House of Lords ended with peers backing down.

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[Legal Beagles]

Northern Rock scraps 'high-risk' Together mortgages

Bank scraps range of mortgages that allow customers to borrow up to 125% of the value of their homes

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[Legal Beagles]

Northern Rock nationalisation approved

THE nationalisation of troubled British bank Northern Rock, which was rocked by the global credit crunch six months ago, was approved by British parliament last night after three days of debate

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