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

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

    Alistair Darling's hopes for a competitive bidding war were dashed yesterday with the withdrawal o...

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  • #2
    Northern Rock reclassified as public company

    Government's £25bn financing triggers the move, but the Treasury says the bank has not been nationalised and is a temporary measure

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    • #3
      Northern Rock Bank 'To Be Nationalised', Say Sky Sources

      Chancellor Alistair Darling is to announce that the troubled Northern Rock bank will be nationalised, according to Sky sources.Sir Richard Branson's Virgin Group and a rival in-house management team had both tabled offers for the lender.

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      • #4
        Northern Rock Bank 'To Be Nationalised', Say Sky Sources

        Chancellor Alistair Darling is to announce that the troubled Northern Rock bank will be nationalised, according to Sky sources.

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        • #5
          Re: Northern Rock Bank 'To Be Nationalised', Say Sky Sources

          Yep, we are all now the very proud owners of Northern Wreck. Feels good huh?


          http://news.bbc.co.uk/1/hi/business/7249575.stm

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          • #6
            Re: Northern Rock Bank 'To Be Nationalised', Say Sky Sources

            Do we get share certificates? I have never had one of them lol

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            • #7
              Northern Rock Bank To Be Nationalised, Says Chancellor

              Chancellor Alistair Darling has announced that the troubled Northern Rock bank will be nationalised.

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              • #8
                Northern Rock Bank To Be Nationalised, Says Chancellor

                The troubled Northern Rock bank will be nationalised but Chancellor Alistair Darling insists it will only be under temporary public ownership.

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                • #9
                  Britain nationalises Northern Rock bank

                  BRITAIN has announced the nationalisation of troubled bank Northern Rock, which was hit by the global credit crunch in August, in a highly embarrassing twist for Prime Minister Gordon Brown's government.

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                  • #10
                    Re: Northern Rock Bank 'To Be Nationalised', Say Sky Sources

                    No but you get a bill for about 3 grand & counting

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                    • #11
                      Stricken mortgage bank to be nationalised

                      The aftermath of the first run on a British bank for 150 years ended yesterday as Chancellor Alistair Darling announced that the beleaguered Northern Rock was to be nationalised.


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                      • #12
                        Darling finally forced to nationalise Northen Rock in £100bn gamble with your cash

                        Labour's reputation for economic competence was severely dented yesterday when the Chancellor was forced to nationalise Northern Rock. The move leaves taxpayers responsible for the crippled bank's £100billion in mortgage debts ? just as the housing market has entered a downturn

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                        • #13
                          Darling finally forced to nationalise Northen Rock in £100billion gamble with YOUR ca

                          Labour's reputation for economic competence was severely dented yesterday when the Chancellor was forced to nationalise Northern Rock. The move leaves taxpayers responsible for the crippled bank's £100billion in mortgage debts ? just as the housing market has entered a downturn

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                          • #14
                            Darling finally forced to nationalise Northen Rock in £100billion gamble with YOUR ca

                            Northern Rock shares were suspended from trading on the London Stock Exchange today after the Government's decision to nationalise the crisis-hit lender. The move severely dented Labour's reputation for economic competence and leaves taxpayers responsible for the crippled bank's £100billion in mortgage debts

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                            • #15
                              Darling finally forced to nationalise Northern Rock in £100billion gamble with YOUR c

                              Northern Rock shares were suspended from trading on the London Stock Exchange today after the Government's decision to nationalise the crisis-hit lender. The move severely dented Labour's reputation for economic competence and leaves taxpayers responsible for the crippled bank's £100billion in mortgage debts

                              More...

                              Comment

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