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The British bank Northern Rock was purchased by Virgin Money in 2012. Northern Rock had to be bailed out by the Bank of England in 2007 and was nationalized in 2008. It was then divided into two parts, the profitable part being sold to Virgin Money and the unprofitable part Northern Rock Asset Management remaining under government ownership.

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Q: What happened to the British bank Northern Rock?
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Related questions

What services are offered by the Northern Rock bank?

Northern Rock Bank was a British bank most recently owned and operated by Virgin Money. It worked as other banks do as well as money market funding before going bad.


What is northern rock savings benefits?

Northern Rock was a British bank that was acquired by Virgin Money (owned by the Virgin Group) in 2012. Virgin Money offers several savings accounts for in-bank and online banking needs.


When was British Bank of Northern Commerce created?

British Bank of Northern Commerce was created in 1912.


How can one obtain a loan from Northern Rock?

Northern Rock was a British bank that has been bought and merged with Virgin Money which is a brand. To get a loan with Virgin Money, you look for a lender and use Virgin Money as the service provider.


Where is Northern Rock Savings located?

"The Northern Rock Savings is located In the UK. This is a very popular bank there, where many people put there trust into this bank. Its located in the northern part of the UK for east access."


Where can one refinance Northern Rock personal loans?

One can refinance Northern Rock personal loans at any bank he or she trusts. One only needs to be a customer at this bank and can refinance any loans he or she desires to refinance.


Where can you find more information about northern rock?

The best reference for northern rock concerns a bank in London, England. This bank is unique in that it borrowed money from the government and then customers pulled out their money. The internet, or news articles is the best way to learn more about this.


When was Norther Rock plc founded?

Northern Rock plc (Public Limited Company) was formed way back in 1850 but has changed owners and names throughout its long lifetime. Today, Northern Rock plc is a bank operated by Virgin Money.


What events happened on February 28?

2 robbers with heavy strong weapons entered a bank of America in northern hollywood, Known as the Northern Hollywood Shootout


When was Northern Bank created?

Northern Bank was created in 1824.


What is the trading name of Northernbank co uk website?

The trading name of the Northern Bank website is the Northern Bank. The proper name of Northern Bank is the Danske Bank of Northern Ireland located in the UK.


What is First Northern Bank's population?

The population of First Northern Bank is 241.