U.K. tries to stop a run on big mortgage lender, stocks sink (USA Today)

Story date: 2007-09-14 05:11:55
Added on: 2007-09-14 06:00:16

Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in borrowing costs between banks. U.K. stocks sank on the news.


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