Bank of England

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Bank of England Props Up Mortgage Lender

Sep 14, 2007 9:12 AM CDT

Bank of England Props Up Mortgage Lender

Northern Rock shares dive, panicking patrons

(Newser) - Shares of Northern Rock fell 25% today on news that the group, Britain's fifth-largest mortgage lender, got an emergency shot of cash from the Bank of England last night. As worried customers lined up outside Northern Rock branches, the central bank's chancellor urged calm. "At the moment there is...

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