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Recent Posts
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Northern Rock Archive
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Northern Rock to Split in January 2010
The split of Northern Rock into ?good bank? and ?bad bank? will take place in January and mortgage holders will be told where their mortgage will be by letter. -
Mortgage Business Could Go to Northern Rock ?Bad Bank?
The appointment of Bradford & Bingley?s Richard Pym as chairman of Northern Rock?s ?bad bank? mortgage arm has increased speculation that B&B?s old mortgage book will follow him. -
Northern Rock to Revive with Government Help
Some say that the Governments plan to help Northern Rock back to its lending feet will serve as an example and inspiration to others in the banking business. -
Northern Rock move to help free-up the frozen mortgage market
Northern Rock is reducing its redemptions targets in a move to help clear the market -
Northern Rock to Stop Offering Equity Release
Due the low demand in the market, Northern Rock has decided to stop offering equity release mortgages. -
Northern Rock Makes GBP1.4bn Loss
Northern Rock made a loss of ?1.4bn in 2008, but they managed to reduce their debt from ?26.9bn to ?8.9bn. -
Chancellor Confirms Banks? Split-Up And Sale
On Sunday Chancellor Alistair Darling confirmed that government-owned banks would be split-up and parts sold off to new entrants into the banking sector.
