Northern Rock: Is Time Starting to Run Out?

There's little hope of the bank's crisis being settled by Christmas and the chances of nationalization are rising day by day

The N word loomed larger for Northern Rock this week. After three months of trying to find a "private sector solution" for the stricken bank's crisis, the pros-pect of nationalisation has now become a more serious option for the Government to make sure its gets its £25bn of loans back.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.