Title of the Article : Nationalisation of Northern Rock

In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts to aid the eventual sale of the bank back to the private sector. On 14 September 2007, the Bank sought and received a liquidity support facility from the Bank of England, following problems in the credit markets, during the financial crisis of 2007–2010. On 22 February 2008 the bank was taken into state ownership. The nationalisation was a result of two unsuccessful bids to take over the bank, neither being able to fully commit to repayment of taxpayers' money.

[Last contributor : TubularWorld , Content under LGPL licence]

Detailed statistics

Number of views for this article Number of quality votes for this article Number of votes 'not clear' for this article Number of votes 'wrong' for this article
daily 1 0 0 0
global 71 12 10 3
This is a quality article
This article is not clear!
This article is wrong

Participate in this top by giving your opinion on the quality of this article short resume and by giving a general rating.
Register in order to improve your reputation and so the weight of your opinion.

Please wait...
Item popularity: 2.1/5 (14 vote cast)

Categories related to this article

2000s economic history

Comments