Posted AT 1:23 PM EDT on 16/11/07
Northern Rock CEO and 3 directors resign
LONDON — The chief executive and three board members of Northern Rock PLC, Britain's fifth-largest mortgage lender, resigned Friday to pave the way for the sale of the troubled lender.
The announcement, filed with the London Stock Exchange, came as final bids were due in an auction of the bank, Britain's biggest casualty of the global credit crisis.
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