The former chairman of Northern Rock today spoke of his remorse for his part in the Northern Rock crisis.

Northern Rock suitor JC Flowers today unveiled a heavyweight management line-up for the stricken mortgage lender as talks over a possible offer continue.

Richard Branson’s Virgin is planning to inject up to £1.5 billion into crisis-hit Northern Rock as part of a possible rescue deal for the bank, reports said today.

Northern Rock announced the departure of chairman Matt Ridley today and said the “time was right” to accept his resignation.

Northern Rock’s embattled bosses today denied there was anything more they could have done to prevent the crisis that led to the UK's first bank run in nearly 150 years.

Bosses at Northern Rock will face their toughest grilling yet today as they prepare to publicly answer MPs regarding the recent crisis which has engulfed the mortgage lender.

The London market retreated today despite having come within touching point of the September 2000 highs earlier in the session.

Beleaguered mortgage lender Northern Rock’s shares surged nearly 25% today after a Monaco-based hedge fund built up a 4% stake in the business.

Troubled British mortgage lender Northern Rock is today in talks over its future, including the possibility of a buyout.

THE British-born scientist who helped discover the genetic blueprint of life, DNA, has died.