Northern Rock set for sell-off as savers flee: paper (Reuters)

Reuters - Embattled British bank Northern Rock is preparing for a sell-off that could see its 100 billion pound ($200 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph newspaper said.

Global stocks tumble as N.Rock woes deepen (Reuters)

Reuters - European and Asian stocks fell on Monday while sterling hit a one-year low as concerns over financing for banks grew after UK mortgage lender Northern Rock tapped the Bank of England for an emergency loan last week.

Getting rich in America
Full table of contents from the July 2007 issue.

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