U.K. tries to stop a run on big mortgage lender, stocks sink

Story date: 2007-09-14 05:15:00
Added on: 2007-09-14 06:00:19

USA Today - LONDON — 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 ...


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