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Northern Rock plc

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'Bad banks' £1bn repayment to taxpayer cheers Osborne

29.07.11
Chancellor George Osborne receivex a rare dose of good news as the company which runs the so-called "bad bank" parts of Bradford & Bingley and Northern Rock says it paid back £1 billion of taxpayers' money in the last six months... more

Nothing clever about the big banks

16.06.11
When the Government announced this year that it was looking to appoint advisers to help it decide what to do with Northern Rock, it was suggested here that the bulge-bracket investment banks should be excluded from the mandate... more

Unsteady Rock is still in a hard place to find a buyer

16.06.11
So George Osborne has fired the starting gun on the auction for Northern Rock - a one-time building society that became a bank, went into the FTSE 100, then went bust and had to be nationalised in February 2008... more

Nationwide's No to Rock

25.05.11
Nationwide, Britain's biggest building society, rules out bidding for the 600-plus branches Lloyds has put up for sale or the good bank part of Northern Rock... more

Yorkshire has its eyes on Northern Rock

05.05.11
Yorkshire Building Society, the country's second largest, calls for Northern Rock to be remutualised throwing its hat in to the ring as a potential bidder for the bailed-out bank... more

Loss-making Northern Rock hands out £13.1m in bonuses

09.03.11
Northern Rock, the nationalised bank which is being prepared for a return to private ownership, lost £232 million last year but is still paying £13.1 million in bonuses for hitting recovery targets... more

Northern Rock to offer 90% mortgages

28.02.11
Northern Rock, the British bank nationalised during the credit crisis, is preparing to launch a series of mortgages that offer up to 90% of a property's value... more

One way to Rock the greedier bankers

19.01.11
Northern Rock may well be sold back to the private sector later this year, either by returning to the stock market or more likely by being sold to another banking organisation... more

Ron Sandler back in charge at Northern Rock

04.11.10
Northern Rock reappoints Ron Sandler to its top job as chief executive Gary Hoffman moves on to take the same role at NBNK, the new bank set up by Lord Levene... more

Northern Rock customers pull savings after guarantee ends

03.08.10
Northern Rock customers withdraw £2 billion of savings after the Government’s 100% guarantee on all deposits finishes... more

‘Rescued, restructured and stabilised’ - Northern Rock back on track

03.08.10
For Northern Rock chief Gary Hoffman the worst is definitely over as the 'bad bank' makes a profit again... more

Northern Rock 'bad bank' chalks up £350m profit

03.08.10
The “bad bank” arm of Northern Rock returns to profit for the first time since the bank was nationalised. ... more

Northern Rock shareholders take fight to Europe

16.06.10
Former shareholders in Northern Rock put their case to the European Court of Human Rights to claim compensation from the Government... more

Northern Rock cuts 650 jobs in move to go private again

08.06.10
Northern Rock is slashing 650 jobs from a total workforce of 4,500 as it seeks to cut costs in readiness for a return to the private sector... more

Northern Rock finance chief quits over inquiry

21.04.10
A Northern Rock finance chief under investigation in a Financial Services Authority inquiry into mortgage figure manipulation leaves the nationalised bank... more

‘Bad banks’ Northern Rock and Bradford & Bingley to merge

09.04.10
Northern Rock and Bradford Bingley - the so-called “bad banks” that collapsed in the financial crisis - are to be merged... more

Northern Rock holders are refused a payout

30.03.10
Former shareholders in Northern Rock should not get a penny in compensation after its nationalisation, the independent valuer rules... more

RAB Capital assets recover as investors return

23.03.10
Hedge fund firm RAB Capital says full year net losses have narrowed as it confirms its first pick-up in assets in two years... more

Northern Rock 100% savings guarantee is scrapped

24.02.10
Northern Rock is to have its Government guarantee on savings removed, putting it back in line with rivals... more

Northern Rock splits into good and bad banks

04.01.10
State-owned Northern Rock officially splits itself into good and bad banks... more

Northern Rock investors' anger as compensation is ruled out

08.12.09
Former Northern Rock shareholders reacted with fury to news that they will get no compensation from the Government after it nationalised the bank two years ago... more

Buyers line up for quick £1.5bn sale of Northern Rock's 'best bits'

28.10.09
Northern Rock, the bank which triggered the financial crisis in Britain, could be sold before the general election in the biggest shake-up of the banking system for years... more

Northern Rock sale ‘delayed’ as buyers wait for general election

28.10.09
Government hopes of selling Northern Rock before the general election looked doomed amid signs potential bidders will wait until after polling day ... more

Baroness Scotland changes her tune...

05.08.09
Raised eyebrows in the Treasury at the interview with Baroness Scotland, the attorney-general, in the Financial Times. She is keen to get across just how determined she is to crack down on financial crime ... ... more

The lunatic lending that landed bank in this mess

04.08.09
When Northern Rock crashed, some commentators tried to say: "I told you so." They claimed they predicted the Newcastle-based bank would hit trouble and might ultimately fail... more

Northern Rock posts £724m loss

04.08.09
Government-owned lender Northern Rock - which was taken into public ownership in February 2008 - reports a half-year loss of £724.2 million just a day after HSBC and Barclays announce £3bn profits... more

We must cut excessive pay in the public sector

04.08.09
If we want to know how public spending mounts up, we can get some insight from the pay of police and doctors... more

Northern Rock borrowers cost bank £725m as prices collapse

04.08.09
Full extent of Britain's sub-prime mortgage crisis was shown as Northern Rock announced losses of almost £725million... more

Investors put new cash into RAB funds

29.07.09
RAB Capital, the hedge fund manager which lost a fortune on Northern Rock, is starting to see new cash coming into its coffers ... more

Northern Rock ex-holders are again denied their cash claim

28.07.09
Former shareholders in Northern Rock failed in their second legal attempt to force the Government to pay them hundreds of millions of pounds compensation after the bank was nationalised two years ago ... more


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