Nationalisation of Northern Rock
In 2008 the Northern Rock bank was nationalised by the British government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts (assets and banking) to aid the eventual sale of the bank back to the private sector. In 2012 Virgin Money completed their purchase of Northern Rock from UK Financial Investments (UKFI) for approximately £1 billion and by October of that year the high street bank operated under the Virgin Money brand.
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2007 Northern Rock crisis2008 in the United Kingdom2011 in the United KingdomAction group (sociology)Adam ApplegarthBankers' bonusesBanking (Special Provisions) Act 2008Beyond the CrashBuilding societyDerek WanlessFinancial crisis of 2007–2008Government intervention during the subprime mortgage crisisJohn Kingman (businessman)Landmark MortgagesList of bank runsList of corporate collapses and scandalsList of nationalizations by countryLouise PattenMatt_RidleyNBNK InvestmentsNOtoAVNationalization of Northern RockNewcastle_FalconsNorthern Rock (disambiguation)Northern Rock crisisNorthern Rock nationalisationOn the Brink (Spooks)Overnight indexed swapRobert PestonSubprime mortgage crisisThe 2008 nationalisation of Northern RockThe Daily MashThe Reunion (radio series)The nationalisation of Northern RockVince_CableVirgin Money
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Nationalisation of Northern Rock
In 2008 the Northern Rock bank was nationalised by the British government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts (assets and banking) to aid the eventual sale of the bank back to the private sector. In 2012 Virgin Money completed their purchase of Northern Rock from UK Financial Investments (UKFI) for approximately £1 billion and by October of that year the high street bank operated under the Virgin Money brand.
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In 2008 the Northern Rock bank ...... under the Virgin Money brand.
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2011-12-31
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In 2008 the Northern Rock bank ...... under the Virgin Money brand.
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Nationalisation of Northern Rock
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