British bank Northern Rock faced long queues of customers looking to withdraw savings and a plunging share price yesterday, after the Bank of England stepped in last week to rescue Britain's fifth-biggest mortgage lender. The following are seven key facts on the bank:
Differences between the way the ECB and the Bank of England have tackled the global credit crunch were thrust into the spotlight when the British central bank was forced to rescue Northern Rock.
The pound fell below $2 for the first time in almost three weeks as Northern Rock Plc depositors queued to withdraw their savings for a third day, sending the UK mortgage lender's shares to a seven-year low.
Thousands of customers queued to withdraw savings from embattled UK bank Northern Rock yesterday and its shares plunged again, heightening pressure for a sale of the business or its assets.
All options will be considered to save embattled bank Northern Rock, British finance minister Alistair Darling said yesterday as fears of a crisis threaten to spoil Prime Minister Gordon Brown's first year in power.
NEW YORK: If the world needs another sign that Britney Spears' look is yesterday's news, check out New York Fashion Week.
Gold is China's fashion metal of the moment, standing as a symbol of glamour, like elsewhere in the world.
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