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Rock chiefs hit beach as savers panicked

Home  Sep, 2007

Rock chiefs hit beach as savers panicked - Senior managers at Northern Rock went luxury corporate junket Spain day tens of thousands of customers formed huge queues withdraw money Northern Rock sale 'too risky' - Hopes for takeover of Northern Rock faded weekend as experts said crisis-stricken bank would not attract commercial buyers would have be rescued by Government



Rock chiefs hit beach as savers panicked  [09/23/2007 01:17 PM]
Senior managers at Northern Rock went on a luxury corporate junket to Spain on the day tens of thousands of their customers formed huge queues to withdraw their money
Northern Rock sale 'too risky'  [09/23/2007 01:17 PM]
Hopes for a takeover of Northern Rock faded this weekend as experts said the crisis-stricken bank would not attract commercial buyers and would have to be rescued by the Government
Market report: Friday close  [09/23/2007 01:17 PM]
17:00Kingfisher was under fire again as leading City analysts took the knife to forecasts but it stayed in positive territory
BAA boss takes on airlines  [09/23/2007 01:17 PM]
Stinging criticism of the UK's airports has sparked the boss of BAA to threaten to name 'real culprits' behind delays that plague air passengers
New-build buy-to-let warning  [09/23/2007 01:17 PM]
Potentially disastrous, and possibly fraudulent, buy-to-let borrowing exists on an unknown scale in the books of mortgage banks, according to surveyors and lenders
Government should do more on floods  [09/23/2007 01:17 PM]
In a forthright attack, insurance boss Stephen Haddrill criticises the Government for failing to tackle the floods threat
The billionaires too poor for Forbes rich list  [09/23/2007 01:17 PM]
The new Forbes 400, celebrating America's richest, shows that you need to be worth at least $1.3bn (£648m) to get in this year
Property boom trebles £1m-plus homes  [09/23/2007 01:17 PM]
The effect of the property boom has been revealed by a new report showing that the number of homes selling for more than £1m has almost trebled over the past five years
Northern Rock value cut by £2bn in a week  [09/23/2007 01:17 PM]
Shares in Northern Rock took another roller-coaster ride, rallying on further Treasury backing then collapsing once more as bid hopes faded
King defence sparks Brussels row  [09/23/2007 01:17 PM]
Mervyn King's attempts to blame the Northern Rock fiasco on botched legislation came under fire from European authorities last night
Can the UK avoid a house price crash?  [09/23/2007 01:17 PM]
Analysis: It's been a rollercoaster week for investors, but the property market should survive the credit crunch and avoid a house price crash say industry experts
A&L abolishes overdraft interest  [09/23/2007 01:17 PM]
Alliance & Leicester has announced that it is heralding the end of overdraft interest in the wake of the boom of bank charge reclaiming
'62% of broadband runs at half speed'  [09/23/2007 01:17 PM]
Most internet users are being misled by their broadband providers, it was claimed today, with 62% of broadband connections running at half speed
Savers flock to 'safer' B&B  [09/23/2007 01:17 PM]
Bradford & Bingley has benefited from a wave of consumers looking for banks with relatively small amounts of loans on their books
Supermarkets 'colluded to fix dairy prices'  [09/23/2007 01:17 PM]
Britain's biggest supermarkets were today accused of running a massive cartel over the price of milk, cheese and butter
Abbey under fire for 125% mortgage  [09/23/2007 01:17 PM]
High Street mortgage lender Abbey has been accused of fuelling debt by launching a new 125% mortgage plunging borrowers into instant negative equity
Fear of property slump as mortgages fall  [09/23/2007 01:17 PM]
Fears of a painful slowdown in the housing market grew today as the credit crunch spilled over into the wider economy with mortgages tumbling in August
'Biggest petrol duty rise in 8 years'  [09/23/2007 01:17 PM]
Motorists face the biggest rise in fuel duty since March 2000, the AA warned today
Why panic was sensible in the Rock debacle  [09/23/2007 01:17 PM]
No one is emerging unscathed from the blood-letting in financial markets - except, of course, the architect of Britain's failing frontline defence
Hetherington: Cold comfort over fate of Foster's farm  [09/23/2007 01:17 PM]
Every week, Tony Hetherington replies to readers' letters, adding comments, advice and the results of his enquiries.
Why are customers always the last to know?  [09/23/2007 01:17 PM]
The Bank of England and the Financial Services Authority knew as long ago as August 14 that Northern Rock was in trouble. So why did they allow the bank to take money from savers?
Homeserve plans for US excite City  [09/23/2007 01:17 PM]
Financial Mail's top stock picker runs the rule over firms that repair boilers and hips.
Dr Feelgood and the City junkies  [09/23/2007 01:17 PM]
Well, the whining junkies of Wall Street got what they wanted - a bumper fix of their favourite narcotic, low interest rates