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Move to Nationalize UK Bank Sparks Fury

Shareholders expected to battle public ownership

By Peter Fearon,  Newser Staff

Posted Feb 18, 2008 3:48 AM CST

(Newser) – Furious shareholders concerned about the risk to their investments are blasting the British government's decision to nationalize ailing Northern Rock bank. The British Treasury is expected to face lengthy legal action from investors once the government formally announces details of the takeover today. Trading in...   Read full story »

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Crumbling Rock

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Money • World

 
Richard Branson • investors • shareholders • nationalization • Virgin • Alistair Darling • Northern Rock Bank • Chancellor of the Exchequer • bailout • Lloyd's of London • Branson consortium • British Bankers Association • Association of British Insurers • Northern Rock Small Shareholders%u2019 Association

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