Northern Rock

Government lifts guarantee at Northern Rock

Update: Mon, 24/05/2010 - 19:57

The government has lifted its 100 per cent guarantee on all variable rate accounts at Northern Rock as the beleaguered bank slowly returns to health. Read more

Northern Rock and B&B 'bad' banks to merge

Update: Wed, 24/03/2010 - 18:21

Northern Rock and Bradford & Bingley are merging their ‘bad banks’ in a bid to make the management of their closed mortgage books more efficient. Read more

Northern Rock improving despite losses

Update: Wed, 10/03/2010 - 11:12

Losses at nationalised bank Northern Rock shrank to £257.4 million last year as income levels picked up and bad loans lessened in the second half of 2009. Read more

Northern Rock savers to lose 100% protection in May

Update: Fri, 26/02/2010 - 13:11

Northern Rock savers have been urged to find new homes for their money after the government confirmed plans to scrap the bank's 100% protection guarantee in three months' time. Read more

Northern Rock savers to lose 100% protection

Update: Wed, 10/02/2010 - 15:16

Savers with Northern Rock will lose their 100% protection guarantee when the beleaguered bank returns to the private sector. Read more

Who will buy Northern Rock?

Update: Mon, 04/01/2010 - 12:56

The race to snap up the good assets of Northern Rock is heating up with Virgin Money and National Australia Bank emerging as the frontrunners. Read more

No compensation for Northern Rock shareholders

Update: Tue, 08/12/2009 - 16:45

Thousands of Northern Rock shareholders are not entitled to receive compensation for their heavy losses following the nationalisation of the troubled lender two years ago. Read more

Northern Rock "improving" despite uncertain outlook

Update: Wed, 04/11/2009 - 12:02

Northern Rock says its financial performance is improving thanks to “encouraging” economic trends, but has warned that the number of mortgage borrowers falling behind with repayments is rising. Read more

Lloyds and RBS to be broken up

Update: Tue, 03/11/2009 - 10:42

The government today confirmed long-awaited plans to invest billions more pounds in the banks and sell-off large chunks of their assets. Read more

Europe approves plan to divide Northern Rock

Update: Wed, 28/10/2009 - 13:53

The European Union has given the green light to plans to split nationalised Northern Rock into a ‘good’ bank and a ‘bad’ bank. Read more

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