Northern Rock plc

Northern Rock's reaction in full
Guardian (London), The | 25 days 15 hours 11 minutes ago
This approval is an essential requirement of the planned legal and capital restructure, which is central to the business plan for Northern Rock. The restructure will strengthen the capital and liquidity position of Northern Rock significantly, and offers value for money to taxpayers by adopting different regulatory frameworks to create a capital efficient structure. The restructure will also enable Northern Rock to be an active participant in the UK mortgage market.

Northern Rock - break-up or shake-up?
Guardian (London), The | 26 days 4 hours 19 minutes ago
EU to decide if break-up is in line with competion law RBS and Lloyds to sell off hundreds of branches

EU backs Northern Rock split
Irish Times (Dublin), The | 25 days 14 hours 2 minutes ago
European Union regulators have approved a UK government plan to break up state-owned mortgage bank Northern Rock, in a move that clears the way for the sale of key parts of the battered lender.

Northern Rock takes new step to break-up and sale
Independent (London), The | 28 days 1 hour 48 minutes ago
Home > News > Business > Business News

Plans for Northern Rock to split into a 'good' and a 'bad' bank
Independent (London), The | 39 days 4 hours 19 minutes ago
Home > News > Business > Business News

UK lender Northern Rock says business is improving
CNBC | 18 days 17 hours 47 minutes ago
LONDON - Nationalized mortgage lender Northern Rock PLC, Britain's first big victim of the global credit crisis, said Wednesday that its trading performance improved in the third quarter, though it still expects to post a full-year loss.

Northern Rock Secures EU Approval to Split Off Toxic Assets Into New Unit
Bloomberg | 25 days 9 hours 7 minutes ago
Oct. 28 (Bloomberg) -- Northern Rock Plc must curb new lending and limit retail deposits to less than 20 billion pounds ($33 billion) over the next three years under conditions imposed by the European Union for approving its bailout.

Tesco Seeks Banking Growth Without RBS, Lloyds Assets
Wall Street Journal, The | 3 days 11 hours 12 minutes ago
Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN) said Thursday that it continues with its plan to expand in the financial services area, although it insisted isn't interested in buying the assets being sold by Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG).

Northern Rock Secures European Union's Approval to Divide into Two Parts
Bloomberg | 25 days 14 hours 14 minutes ago
Oct. 28 (Bloomberg) -- Northern Rock Plc must curb new lending and limit retail deposits to less than 20 billion pounds ($33 billion) over the next three years under conditions imposed by the European Union for approving its bailout.

Northern Rock Said to Win European Union's Approval to Divide in Two Parts
Bloomberg | 25 days 17 hours 21 minutes ago
Oct. 28 (Bloomberg) -- The U.K. government will today win approval from the European Commission to divide Northern Rock Plc into two parts, transferring potentially toxic assets into a new entity, a person familiar with the decision said.

Northern Rock losses reduce ahead of split
Times (London), The | 18 days 15 hours 20 minutes ago
Northern Rock, the state-owned mortgage lender, said trading conditions had continued to improve ahead of its split into a "good bank" and "bad bank" before the end of the year.

UK official: RBS, Northern Rock, Lloyds Banking Group to sell 100s of branches in coming years -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 22 days 3 hours 37 minutes ago
LONDON (AP) — The Royal Bank of Scotland , Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday.

UK to shake up banking, 100s of branches for sale
Las Vegas Sun | 22 days 3 hours 8 minutes ago
The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday.

RBS to Sell More Assets, Insurance Subsidiaries? under EU Pressure
Insurance Journal | 19 days 13 hours 15 minutes ago
State-controlled Royal Bank of Scotland Group PLC said Monday that European Union regulators will require it to sell more assets than originally expected, part of an industry shakeup announced by the government this weekend.

RBS to sell off more assets under EU pressure
Seattle Times, The | 20 days 15 hours 38 minutes ago
LONDON State-controlled Royal Bank of Scotland Group PLC said Monday that European Union regulators will require it to sell more assets sales than originally expected, part of an industry shakeup announced by the government this weekend.