Northern Rock Credit Risk Soars on Speculation of Break-Up Bid
Story date: 2007-10-02 05:23:00
Added on: 2007-10-02 10:33:37
Bloomberg - Oct. 2 (Bloomberg) -- Northern Rock Plc credit-default swaps soared on speculation the U.K. mortgage lender that was bailed out by the Bank of England may be broken up and sold. Contracts on the Newcastle-based bank increased 60 basis points to 200 ...
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