The Treasury has offloaded £13 billion of Northern Rock mortgages to US investment firm Cerberus. It claims the sale represents a good deal for Britain's taxpayers, whose funds were used to rescue the ...

Do Gordon Brown and Alistair Darling share a fantasy: do they imagine themselves triumphantly working the same kind of turnaround on Northern Rock that Christopher Flowers, the billionaire private ...

Two private-equity firms in New York are using skills honed in Japan during a banking crisis almost a decade ago to map potential takeover bids for the ailing British mortgage bank Northern Rock. J.C.

When it comes to innovation in ABS, UK mortgage bank Northern Rock is so far ahead of the pack that there was really only one contender in the field this year. Almost every significant development in ...

The Treasury has announced today (17 November) that it is selling Northern Rock to Virgin Money and will receive £747m in cash on closing of the sale with the potential in the future to receive over ...

LONDON (Reuters) - The government should not pay any compensation to Northern Rock investors as shares in the troubled bank were worthless when it was nationalised, a state-appointed valuer said on ...

I’ve seen countless stories this week commenting that Northern Rock is the top paying savings account and “money will be flooding in there.” Frankly I find this quite ridiculous. Let’s make this very ...

“Legally, we can’t live here permanently,” says 67-year-old John Allen. “It’s just a temporary solution, and we’ll need to find somewhere else to stay between January and March after Christmas.” In ...