Northern Rock

Why Technology Is The New Threat To Banks 10 Years On From The Financial Crash 

Chris Jefford | Posted 12.09.2017 | UK Tech
Chris Jefford

August 2007 saw Northern Rock customers flocking to withdraw their savings in fear of the bank going bust, the collapse of Lehman Brothers, and the bailout of Royal Bank of Scotland and Lloyds/HBOS to the tune of tens of billions of pounds of British taxpayers' money.

George Osborne's 'Help To Buy' Scheme Death Knell For UK Property Market

Max Keiser | Posted 09.08.2013 | UK Politics
Max Keiser

The UK government has made a critical mistake: George Osborne's 'help to buy' scheme is off to a roaring start with money pouring into house-buying, including many first-time buyers... but there's a big problem.

Former Northern Rock Chief Admitted To House Of Lords

The Huffington Post UK | Tom Moseley | Posted 07.02.2013 | UK Politics

The man who led Northern Rock bank to its near collapse has been 'elected' to the House of Lords. Viscount Ridley won a special election for heredi...

Charlie Thomas

Northern Rock Remembered: Readers Share Their Memories Of The Day The World Changed Forever

HuffingtonPost.com | Charlie Thomas | Posted 14.09.2012 | UK

Five years ago today, high street bank Northern Rock confirmed the media reports that it would have to seek emergency funding from the Bank of England...

Charlie Thomas

Will A Sticker Be Enough To Cover Your Money?

HuffingtonPost.com | Charlie Thomas | Posted 31.08.2012 | UK

A determined Mark Neale has disregarded concerns that a new campaign to reassure customers their savings are safe will not be enough to restore consum...

Northern Rock Run 'Could Have Been Avoided'

PA/Huffington Post UK | Posted 13.06.2012 | UK

The outgoing head of the financial services regulator has claimed that the run on Northern Rock in 2007 could have been avoided if his advice had been...

Rocks Off? Rescue Of Bank 'Cost Taxpayer £2bn'

PA/The Huffington Post UK | Posted 18.05.2012 | UK

The early sale of bank Northern Rock to Virgin Money was the "best way" to protect the taxpayer from greater losses, a report from the spending watchd...

Labour Needs to Get Back in Touch With Business

Rob Marchant | Posted 30.03.2012 | UK Politics
Rob Marchant

Labour is starting to slip back into the 1990s and even the 1980s in our attitude to business. We need not to, because we are looking increasingly anti-business. And anti-business parties have a nasty habit of losing elections.

Richard Branson Starts Bid To Make Virgin A High Street Player

Huffington Post UK | Peter Guest | Posted 09.01.2012 | UK

Virgin Money hit the high street on Monday, with the first re-branded branch of Northern Rock launching in Newcastle. The nationalised lender was sold...

Vickers Report: Don't Kill the Goose That Lays the Golden Egg!

David Cowan | Posted 20.02.2012 | UK Politics
David Cowan

The coalition's response to the Vickers report was a missed opportunity. A chance to reform Britain's banking sector for the better has been hijacked by the Liberal Democrats' need yearning for influence. And so George Osborne has accepted the report in full, though it couldn't be said totally against his own judgement.

Northern Rock Sale To Be Investigated

PA | Posted 17.12.2011 | UK Politics

The controversial sale of state-owned bank Northern Rock will be investigated by the public spending watchdog, it has been confirmed. Amyas Mors...

Northern Rock-Sir Richard is Just Winning

Amin Elmubarak | Posted 19.01.2012 | UK Politics
Amin Elmubarak

This is the game of capitalism that we are all playing and Sir Richard Branson has been playing it very well; this deal surely not being the last. If we ever find ourselves angry at Virgin or Sir Branson, maybe we just need to start thinking of a new game to play.

Osborne Blames Labour For Sale Of Northern Rock

PA | Posted 20.01.2012 | UK Politics

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Northern Rock And Virgin Money Customers 'Entitled To Same Compensation'

PA | Posted 18.11.2011 | UK

Customers who hold money with Northern Rock and Virgin Money have received reassurance that they would still be entitled to the same levels of compens...

PICTURES: Richard Branson's Best Moments

The Huffington Post UK | Posted 17.11.2011 | UK

Richard Branson's first successful business venture was a magazine called 'Student', which he set up at aged 16. The first issue was handed out on Jan...

Analysis: 'Bad' Bank Remains Despite Virgin Money Purchase

Huffington Post UK | Peter Guest | Posted 18.11.2011 | UK

Virgin Money is to pay £747m up front for the nationalised lender Northern Rock, in a deal that could rise to close to £1bn over the next five years...

Does Northern Rock's Sale Herald the Coming of a New 'Challenger Bank'?

Mike Robb | Posted 17.01.2012 | UK
Mike Robb

We've heard it time and again in 2011 - the UK retail banking sector needs a new kid on the block to challenge the big five.

Northern Rock Sale To Virgin Money Announced By Government

Huffington Post UK | Posted 16.01.2012 | UK

Northern Rock is to be sold to Virgin Money in a deal worth at least £747 million, the government has announced. The bank was taken into public ow...

Virgin Money Tipped To Buy Northern Rock

PA | | Posted 23.12.2011 | UK

Sir Richard Branson's Virgin Money looks to be in pole position to land Northern Rock as the auction of the nationalised lender nears its conclusion. ...

Homeowners Warned: Mortgage Comes First

Posted 30.10.2011 | UK

PRESS ASSOCIATION -- Thousands of homeowners are to be warned by taxpayer-owned banks to forget renewing their subscription to Sky TV or buying a new ...