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DAILY TELEGRAPH Western female doctors kidnapped in Afghanistan - Wed, 23 May 2012 09:34:11 GMT
Western female doctors kidnapped in Afghanistan - Wed, 23 May 2012 09:44:48 GMT
FINANCIAL TIMES Morgan Stanley subpoenaed over IPO - Tue, 22 May 2012 18:10:04 GMT
Morgan Stanley subpoenaed over IPO - Tue, 22 May 2012 23:25:24 GMT
BBC NEWS BBC News - Business - Wed, 23 May 2012 09:23:06 GMT
BBC News - Business - Wed, 23 May 2012 09:33:05 GMT
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Northern Rock to change tack
The government has announced that Northern Rock will end its policy of trying to get customers to move their mortages to other lenders.
At its peak the government says that Northern Rock owed the taxpayer £26 billion and that the original repayment schedule set at the time of the bailout has been exceeded.
However the government now accepts that in the current economic climate it is not a sensible policy for Northern Rock to send its customers out into an ever contracting mortgage market, and that it will now reverse this policy.
At this time however the governmrnt is unable to says how much new mortgage lending Northern Rock will be able to put into the market as EU clearance of state aid is needed first, and an announcement will therefore be made at a later date.
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