Companies

Nov 19: Northern Rock and Standard Chartered

Northern Rock's shares have fallen sharply on Monday after it revealed that the bid proposals it has received so far have been materially below Friday's share price. The British government has also clarified its intentions towards the bank and investors. Separately, it's emerged that Chinese banks have been trying to buy a stake in Standard Chartered. Peter Thal Larsen, banking editor, analyses the significance of Chinese interest and also the next steps at Northern Rock.