Northern Rock shares plunge 32%

BBC

Shares in one of the UK's largest mortgage lenders, Northern Rock, have fallen 32% after it had to ask the Bank of England for emergency funding.

But experts and officials insist that Northern Rock, which has £113bn in assets, is not in danger of going bust.

Despite the reassurances lines of customers formed outside many Northern Rock branches around the UK.

The bank has struggled to raise money to finance its lending ever since money markets seized up over the summer.......