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British Bank Rebounds as Panic Wears Off

Financial stocks see gains on Northern Rock guarantees

By Kevin Spak, Newser Staff

Posted Sep 18, 2007 12:38 PM CDT

(Newser) – As the lines of people waiting to make withdrawals from Northern Rock bank dwindled today, the British lender’s stock rose, bringing with it other hard-hit British financials. Northern Rock's huge losses in the mortgage market sparked a sell-off, drawing emergency funds from the Bank... Read full story »

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British Bank Rebounds as Panic Wears Off

Financial stocks see gains on Northern Rock guarantees

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subprime mortgages • stocks • credit market • credit crisis • Britain • Northern Rock • Bank of England

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