northern rock

northern rock redemption fees

i recently split up with my partner yet am only 2 years in on a five year fixed rate mortgage. with the current housing crunch, we have already dropped our flat by £20,000 but unfortunately cant drop...

Would this be a good time to either buy or sell northern rock shares now?

Is this the beginning of a new recession? What do you think of the Bank of England extending it's aid? Was it the lesser of two evils? Has this made you nervous?

It’s Like Playing Monopoly With Fake Money

Some housing bubble news from Wall Street and Washington. Bloomberg, “Northern Rock Plc, lost 243.5 million pounds ($483.4 million) in the 12 months ended Dec. 31, the company said in its...

British Soccer Clubs Sweat Out Credit Crisis

While March Madness occupies most American, at least those not preoccupied with either the Presidential race or the latest twists and turns of the credit crisis, Wall Street's issues are drawing...

Gold: The Money of Freedom and Honesty

The collapse of two major banks in Britain and America (Bear Stearns and Northern Rock) should make us pause to reflect on the fundamentals of the world financial system. When currencies around...

Bail or re-sell after the bums are kicked out?

NYT sells bailout story with no alternatives:“You get to where people can’t trade with each other,” said James L. Melcher, president of Balestra Capital, a hedge fund based in New York. “If the Fed...

Bear Stearns Roundup

Megan McArdle:A couple of years ago, I had dinner with an investment banker who had gone to Chicago a few years before I did. He spent a great deal of the time extolling the virtues of modern...

The Bail-Out of Bear Stearns, Step 6

Reader Peter sends a link to this article:JP Morgan Chase will provide the money to Bear Stearns for 28 days with the Federal Reserve of New York's backing.JP Morgan is also trying to get long-term...

Where's the Calvary?

OPEC is not riding to the rescue. According to a NYT piece, OPEC is satisfied that the world has enough oil, even though the price of oil adjusted for inflation hit an all time high: $103.76 versus...

Where's the Cavalry?

OPEC is not riding to the rescue. According to a NYT piece, OPEC is satisfied that the world has enough oil, even though the price of oil adjusted for inflation hit an all time high: $103.76 versus...

Bank Nationalisation (sic) in Britain

Cue up talks of pipers and calling tunes: what started as a bailout in September turns into a takeover as Britain's Northern Rock bank is nationalized. The Financial Times on some of the reaction,...

How the market works

A few clever comedians explain issues such as "market sentiment", subprime lending, SIVs and government bailouts. This was recorded back in October, a few months after Northern Rock experienced a...