Northern Rock
UK
Former directors of failed banks could be banned from taking lucrative jobs in the City under plans being drawn up by the regulator.
23 March 2012
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1 min read
Economics
The UK's failed lenders, Northern Rock and Bradford & Bingley, today reported total profit for 2011 had surged 145% to almost £1.1bn.
02 March 2012
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UK
The nationalisation and resale of Northern Rock will rake in a profit of up to £11bn for UK taxpayers, it was announced today.
28 February 2012
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Investment
The Treasury has sold Northern Rock plc to a consortium led by Richard Branson's Virgin Money for £747m, at a £650m loss on the £1.4bn of capital it injected into the bank.
17 November 2011
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Financial services
The final set of recommendations from the Independent Commission on Banking (ICB) has provoked a mixed response from commentators, with some warning the cost of the move could drive up risk taking by the banks, while others welcome the 'safety measures'...
12 September 2011
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4 min read
Investment
Nationalised lender Northern Rock has seen losses narrow in the first six months of the year ahead of an expected return to profit in 2012.
03 August 2011
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Alternatives
RAB Capital has agreed terms over a proposed management buyout as the troubled hedge fund looks to delist from the AIM stock exchange.
15 July 2011
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1 min read
Economics
Northern Rock is to be sold rather than remutualised or floated on the stock market, the Chancellor said last night.
16 June 2011
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Economics
The government is set to force banks to ring-fence their retail operations from investment banking.
15 June 2011
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