Britain's ailing mortgage lender Northern Rock, hit by a global credit crunch, is now in public hands, the government said Friday after announcing it had acquired all the bank's shares.
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Northern Rock bank nationalised: British governmentPosted by UK Economy News
In UK financial news
22Feb 08 Britain's ailing mortgage lender Northern Rock, hit by a global credit crunch, is now in public hands, the government said Friday after announcing it had acquired all the bank's shares.
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