Northern Rock
| Use attributes for filter ! | |
| Ceased operations | October 12, 2012 |
|---|---|
| Headquarters | Newcastle Upon Tyne |
| United Kingdom | |
| Founded | 1850 |
| Number of locations | 75 |
| Parent organizations | Virgin Money UK |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1355629 |
About Northern Rock
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK.
Alistair Darling: Steady hand in an economic crisis
... He was best known for having to nationalise Northern Rock at first, and then effectively the bulk of British banking amid runs on banks by the public and financial markets...
Do Instagram and TikTok mean banks are less safe?
... The dynamics had barely evolved when in 2007, Northern Rock saw runs outside its branches, heralding the start of the 2007-08 global financial crisis...
Call to help 'mortgage prisoners' trapped on high interest rates
... " TrappedSamantha got a mortgage on her two-bedroom terraced house with her ex-husband in 1998, and re-mortgaged with Northern Rock two decades ago...
What is the Bank of England and why is it worried about the economy?
... For example, in 2007 it lent £27bn to Northern Rock, before the government took control during the financial crisis...
The inside story of the Barclays study
... After the rescue of Northern Rock in September 2007, the Treasury dug into the numbers and put the banks on notice...
Mortgage prisoners sue over 'unfair' rates
... Double the cost Many of those affected - usually having taken out mortgages in the late 2000s with Northern Rock or Bradford & Bingley - have been paying more than 5% interest on their mortgages for the past 12 years...
How much could Labour's nationalisation plan cost?
... It did not pay anything to shareholders of Northern Rock in 2008 because it concluded (and the courts agreed) the lender had no value without government support...
