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BBC News: Taxpayer lost £2bn on Rock rescue
Friday 18th May 2012
© Copyright Derek Harper
© Copyright Derek Harper




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Wit & Wisdom
David Beckham has topped a list of the richest people in sport in the UK and Ireland. The LA Galaxy footballer, 37, was in pole position with a fortune of £160m. In terms of the world's richest athletes, Beckham was only 10th, as golfer Tiger Woods led with £538m. Sunday Times Sport Rich List




BBC World News

Taxpayer lost £2bn on Rock rescue

The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.

Moody's downgrades Spanish banks

Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.

French government takes pay cut

France's new government holds its first cabinet meeting, announcing a 30% pay cut for President Hollande and his ministers.

Facebook shares valued at $100bn

Facebook prices its shares at $38 each ahead of one of the most eagerly anticipated share flotations in recent stock market history.

Disco singer Donna Summer dies

US singer Donna Summer, famous for disco hits including I Feel Love and Love To Love You Baby, dies at the age of 63.

Plaque to dead children stolen

Thieves steal a metal plaque erected in memory of two young boys killed by IRA bombs in the Cheshire town of Warrington.

Search for missing fishing boat

A major search has been under way to find a fishing boat missing with a crew of three off the Dorset coast.

Live BBC Sports Front Page

Martinez on Liverpool shortlist

Roberto Martinez is given permission to speak to Liverpool and is one of several candidates shortlisted to succeed Kenny Dalglish.

Make drug tests compulsory - Khan

British fighter Amir Khan wants attempts to clean up boxing

No decision on Van Persie future

Striker Robin van Persie joins up with the Dutch squad having yet to make a final decision on his Arsenal future.

Couch & Barrow win historic gold

Tonia Couch and Sarah Barrow end GB's 74-year wait for a female European Diving Championships title by winning gold in Eindhoven.

Olympic flame handed over to UK

The Olympic flame is officially handed over to organisers of the London 2012 Games at a ceremony in Athens.