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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.
Sep 11, 2017 · 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...
May 16, 2024 · A group of former Northern Rock shareholders claims their shares were "effectively stolen" when the bank was nationalised in 2008. They ask the Treasury Select Committee to determine how much the government made from selling the bank's assets and redistribute the money.
Northern Rock shares rose by 16% after this was announced. Stabilisation. The announcement by the chancellor showed its intended effects the next day, as the queues outside Northern Rock's branches gradually disappeared.
Nov 16, 2007 · The plight of Northern Rock remains a huge embarrassment for both the UK’s policymakers and its financial sector.
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Sep 11, 2017 · How the UK's first bank run in 150 years led to the nationalisation and break-up of Northern Rock in 2008. The article examines the causes, consequences and lessons of the crisis for the banking sector and the North East economy.
Aug 31, 2017 · But his decision to back the company by investing in shares of Northern Rock, a seemingly steady retail banking powerhouse based in the north-east of England, proved disastrous.
