Possible Northern Rock rescuer raises funds (Reuters via Yahoo! UK & Ireland News)

Story date: 2007-10-02 05:20:00
Added on: 2007-10-02 22:00:32

JC Flowers, the private equity group that has expressed interest in troubled UK mortgage bank Northern Rock, has secured about 15 billion pounds ($30.64 billion) of funding which could be used for a takeover, the Financial Times reported on Wednesday.


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