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1). Bank of England Shipwrecked on Northern Rock By : Leslie Hardy
The intervention of the Bank of England to support Northern Rock failed to prevent a run on the bank. This has led to an embarrassing U-turn in policy by the Governor, whose position now appears untenable.
Article Related to: bank of england, northern rock, subprime mortgage

2). Would You Borrow $80bn From This Man ? By : Leslie Hardy
Mervyn King, the Governor of the Bank of England, has offered 3 month loans, in the sum of $80bn, to beleagured UK banks. But there are no takers.
Article Related to: banking, finance, mortgage, bank of england, northern rock

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