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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.
Aug 31, 2017 · In September 2007, Northern Rock became the first British bank in more than 150 years to experience a run, with customers forming queues around street corners to withdraw their deposits.
May 16, 2024 · Former Northern Rock shareholders have launched a fresh bid for compensation from the government for shares they claim were "effectively stolen".
Sep 14, 2017 · Northern Rock’s fall from grace was ignominious — and for many then in key leadership roles it has cast long shadows.
Northern Rock was not the only British bank to have called on the Bank of England for funds since the sub-prime crisis began but is the only one to have had emergency financial support from the Tripartite Authority (The Bank of England, the FSA and HM Treasury).
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...
Mar 1, 2020 · By Bishoy Megalla, Yale University -- During the early days of 2007, Northern Rock stood as the fifth-largest bank in the United Kingdom by mortgage assets; with £113.5 billion in assets, the bank had grown tremendously from its origins in the twentieth century as a simple building society.
Nov 16, 2007 · The plight of Northern Rock remains a huge embarrassment for both the UK’s policymakers and its financial sector. The authorities confronted a bank run, only to end up guaranteeing the bank’s...
Sep 13, 2017 · Ten years ago, the collapse of Northern Rock would set in train a sequence of events that would change the UK for ever. Business editor Graeme Whitfield examines the causes of the crash, and...
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...
