Northern Rock, the troubled UK mortgage lender, and its regulators are this week expected to try again to sell the troubled mortgage lender after it was rescued last week by the Bank of England. As depositors continued to withdraw their savings from Northern Rock over the weekend, people familiar with the matter said the bank and its advisers were seeking a “commercial solution” to sell it as a going concern. Northern Rock held talks with Lloyds TSB, the UK’s fifth-biggest bank, as recently as last Monday but the talks were undermined by credit market turmoil and the Bank of England’s reluctance to offer financial support to facilitate a deal, the sources said.
