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Bidding deadline passes but Northern Rock's fate still unclear

Continued funding lines from the Bank of England could be critical as key shareholders shift in favour of a restructuring rather than an outright sale of the troubled UK lender

The deadline for bids to buy the whole or parts of UK lender Northern Rock passed in November but its future became little clearer.

Two key shareholders pressed for a halt to the sale of the bank and have swung behind a proposal to install new management and restructure the business. Meanwhile, the UK government displayed a lack of enthusiasm for the Bank of England to continue to support Northern

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