Author Archive
Northern Rock And Bear Stearns - A Comparison
When the Federal Reserve Bank facilitated the takeover of Bear Stearns by JP Morgan, they provided an object lesson in central bank responsibility which the Bank of England should study and digest.
The Fed’s intervention is startling due to the fact that Bear Stearns is not a bank. It is a financial intermediary, that […]
Northern Rock Is Nationalised - What Does This Mean ?
Northern Rock plc was nationalised by the UK government and the shares suspended on 18 February 2008.
There are several groups of interested parties in Northern Rock. They are the shareholders, depositors and mortgage holders.
Shareholders
Nationalisation is devastating news for shareholders. There were several options for a rescue plan, and the City considered the Virgin bid, by […]
North Cyprus Property - The Gary Robb Saga
North Cyprus is not recognised as a separate, independent state by any country, other than Turkey. The Greek Republic of Cyprus joined the EU in 2004, but the Greek Cypriots voted against the UN plan to unite the island. In consequence, there is no extradition arrangement in place between North Cyprus and the UK.
This has […]
Northern Rock - Shareholders Are Not Seduced By Virgin
The future of Northern Rock, the beleaguered UK bank still remains uncertain after the deadline of 4 February 2008 for bids from interested parties.
The UK government is seeking to convert the estimated GBP25 billion of loans into bonds which will be sold in the open market. In order to make these bonds attractive, the government […]
Would You Borrow $80bn From This Man ?
In the aftermath of the disastrous run on the Northern Rock Bank during September 2007, the Bank of England began to realize the enormity of the calamity which had unfolded.
Instead of pumping money into the banking sector in order to avert the impending liquidity crisis, the Governor of the Bank of England signalled to the […]
Why Did Northern Rock Call in the Bank of England ?
The confirmation by the Bank of England of support for Northern Rock plc on 12 September 2007 is the first major sign of international fallout from the collapse of the US subprime mortgage lending market.
In the US, lenders such as New Century Financial Corporation, the second largest subprime lender in California, have gone bankrupt. In […]
Bank of England Shipwrecked on Northern Rock
The handling of the liquidity crisis at Northern Rock by the UK authorities has become a major embarrassment for the government and Gordon Brown in particular. The new Prime Minister has always stressed his achievements as Chancellor of the Exchequer during the period 1997 to 2007, while he was waiting in the wings for Tony […]
Stress at Work - What are the Danger Signs ?
Stress is a well documented source of medical problems, and there are specialist medical practitioners who can assist sufferers. Most people feel under stress at some time during their working day, or even during time spent with family and friends. Indeed, many experts argue that a small amount of stress is a useful source of […]
Stress Management Tips and Advice
Stress is commonplace in western societies. A modicum of stress in the workplace can provide a stimulus to motivation and help achieve work tasks and objectives. However, many people visit their doctor and report high levels of stress which are incapacitating and are likely to lead to illness. Stress is not confined to work. Many […]
Stress in the Workplace - A Management Responsibility
Stress is considered to be the main cause of many medical conditions, including heart problems. At the same time, the nature of stress is multifaceted and difficult to define, and the reasons for its increase are poorly understood.
Stress in the workplace can have a disastrous effect on peoples’ health and lead to sickness and absence. […]
