Northern Rock takeover marks risky bet for U.K.: surprise move reveals global crisis' depth; holders decry action
Article Abstract:
The UK government announced it will assume complete control of Northern Rock PLC, nationalizing the bank in what is expected to be a temporary solution to the mortgage lender's financial troubles. The announcement was made after negotiations with Northern Rock's board and a consortium headed by Virgin Group Ltd.'s Richard Branson.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
Financial management, Management dynamics, United Kingdom, Management, Finance, Northern Rock PLC, Company business management, Company financing
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Fannie Mae's net income doubles
Article Abstract:
Fannie Mae's net income for the 2003 third quarter doubled as a result of its hedging operations. Fannie Mae posted $2.67 billion (2.29 billion euros) in net income for the period.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
United States, Sales, profits & dividends, Mortgage bankers and correspondents, Company sales and earnings, Fannie Mae Corp., FNM, Company earnings/profit
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Subjects list: Mortgage banks
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