The Money Stop » northern rock

Northern Rock cuts its repossession numbers

admin — Wed, 25 Nov 2009 07:32:17 +0000

The nationalized mortgage lender Northern Rock has recently announced that it has managed to cut its mortgage repossession numbers as a result of the housing boom seen over the summer period. The bank has also seen stabilisation of the number of mortgage customers on its books that are in arrears with their mortgage repayments. Before releasing [...]

Northern Rock cuts its repossession numbers is a post from: The Money Stop

Taxpayers pay bonus for Rock employees

admin — Tue, 03 Mar 2009 08:49:20 +0000

Over recent months the government has been using taxpayers’ money for a variety of purposes, sparking concern amongst opposition parties and the public with regards to how the public purse is being used. However, according to a recent report taxpayers have found themselves paying for more than they bargained for, after it was revealed that [...]

Taxpayers pay bonus for Rock employees is a post from: The Money Stop

Savers worry about where to put their cash

admin — Fri, 24 Oct 2008 10:14:31 +0000

The world of finance has been thrown into complete turmoil over the past year, not just for borrowers and lenders but also for those looking for a safe place to stash their hard earned cash. It seems that until around this time last year we all had a pretty good idea of where we wanted [...]

Savers worry about where to put their cash is a post from: The Money Stop

Northern Rock forced to cut savings accounts

admin — Wed, 22 Oct 2008 11:29:11 +0000

Just a year ago Northern Rock was being branded the victim of the first run on a British bank in almost 150 years, and customers were flocking to get to the bank and take out their cash amidst rumours that the bank was on the verge of collapse. However, since this time the bank has [...]

Northern Rock forced to cut savings accounts is a post from: The Money Stop

Another bank gets nationalised

admin — Sun, 19 Oct 2008 11:19:43 +0000

Earlier this year the financial headlines were filled with news about the government taking over the stricken bank Northern Rock. Over the past few days the government has used the same legislation that was used in the Northern Rock takeover to rush through the nationalisation of another troubled bank, Bradford & Bingley. According to reports [...]

Another bank gets nationalised is a post from: The Money Stop

Northern Rock benefits from HBOS takeover

admin — Wed, 08 Oct 2008 10:16:46 +0000

This time last year Northern Rock was fast becoming known as one of the first major victims of the global credit crunch in the UK, with rumours that it was on the verge of collapse and savers rushing to withdraw billions of pounds in savings within a few days. The bank became the victim of [...]

Northern Rock benefits from HBOS takeover is a post from: The Money Stop

A fall in consumer confidence in banking

admin — Sat, 03 Nov 2007 09:37:30 +0000

A fall in consumer confidence in banking is a post from: The Money Stop

FSA investigating banks’ stability

admin — Wed, 17 Oct 2007 11:32:08 +0000

Following the recent turmoil in the financial markets, which has spread from the sub-prime sector in the United States, the Financial Services Authority is to launch an investigation to review the stability of mortgage lenders. This comes in the light of the problems suffered by the Northern Rock bank, which is the UK’s fifth larges [...]

FSA investigating banks’ stability is a post from: The Money Stop