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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.
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Feb 1, 2024 · HONG KONG - US hedge fund North Rock Capital is expanding into Singapore a year after setting up its first Asia office in Hong Kong, executives said, as it looks to boost its presence in the ...
Sep 11, 2017 · Northern Rock's demise - it was split into "bad" and "good" sets of assets and operations, with Virgin Money buying the latter - was a shock to the region's economy, as was the banking crisis...
Northern Rock’s successes as a bank made it emblematic of the revitalization of the northeast region following the decline of traditional industries, such as coal mining and shipbuilding.
The lessons of Northern Rock were dramatically underscored a year later by the failure of RBS and Lloyds. Faced again with the choice of insolvency or taxpayer intervention, the government was forced to inject
Jun 22, 2023 · NORTHERN ROCK PTE. LTD. was incorporated as a Exempt Private Company Limited by Shares in Singapore. The Company current operating status is live with registered address at TONG ENG BUILDING. The Company principal activity is in EDUCATIONAL SUPPORT SERVICES N.E.C. (EXCLUDING ONLINE MARKETPLACES).
The principal aim of this article is to consider two relevant aspects of financial sector safety nets, paying attention in particular to the problems faced in the UK by the Northern Rock crisis. These are bank insolvency law and depositor protection schemes5 although other aspects will be discussed where relevant.
Jan 15, 2023 · Northern Rock was a UK-based mortgage lender based in Newcastle upon Tyne that was ultimately nationalised by the UK government in 2008 after experiencing a run by savers on their deposits. This was the first bank run in the UK since the 19th century.
Aug 31, 2017 · The total raised for charitable causes in the north-east and Cumbria by the Northern Rock Foundation over almost two decades, mostly funded from the bank’s profits.
