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26 Feb 21
The Treasury has completed the sale of Bradford and Bingley and NRAM, formerly Northern Rock, for £5bn, after the banks were brought under government control during the financial crisis.
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9 Apr 19
The UK government has recouped the full amount lent to Northern Rock and Bradford & Bingley with the sale of £4.9bn worth of loans.
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9 Nov 16
The Treasury sold assets of the old Northern Rock bank without a business case, failed to consider the buyer’s tax domicile and ignored a bank’s conflict of interest, according to a review by the...
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26 Oct 16
Chancellor Philip Hammond has launched a further sale of mortgage assets from the former Bradford & Bingley bank, which was nationalised in 2008 at the peak of the financial crisis.
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19 Jul 16
The sale of former Northern Rock assets by the government completed last year “was value for money”, auditors have found.
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21 Feb 08
The credit crunch scored a first this week, the nationalisation of a bank. But behind the scenes it is also having a serious impact on public sector pension schemes and proposed PFI projects. Paul...