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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.
Northern Rock - Wikipedia
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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.
Pre-tax profits at Northern Rock in 2006, an increase 27 per cent from the previous year’s figure. But, after collapsing the following year, the bank slumped to a loss of £167.6m. 4,811
Northern Rock was an obvious first casualty. The BBC broke the news that it needed Bank of England support 10 years ago tomorrow, and the day after there were queues outside branches, the first ...
crisis, Northern Rock was the fifth-largest bank in the United Kingdom by mortgage assets. 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. Northern Rock funded a highly visible charitable trust and become
Logan Leslie is the Founder and CEO of Northern Rock. He joined the Army on his 17th birthday and led soldiers in combat as a Ranger qualified Sergeant at the age of 19. He has over 18 years of military service, with 26 months of experience in Iraq and Afghanistan. Logan continues to serve as a Command Sergeant Major in the National Guard.
This month marks the 10th anniversary of the failure of Northern Rock. The failure of a middle size British mortgage bank was followed by the collapse of much bigger and globally systemic banks. But the picture of the queues forming outside the branches of Northern Rock remains for many the picture of the start of the financial crisis.
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Lawyers are seeking compensation of at least £150mn on behalf of thousands of mortgage borrowers who believe they have been unfairly charged high standard variable rates, after the loans were ...
This week marks the 15 years since the “run on the Rock”. On 14 September 2007 it was announced that Northern Rock had gone to the Bank of England for emergency support, prompting its ...