Northern Rock

John FitzGerald: How to contain a bank run in the high-speed age of social media

Modern bank runs can escalate within minutes rather than weeks due to online social networks posing new challenges for central banks

Fri May 19 2023 - 05:00

Northern Rock mortgage holders take legal action over interest rate charges

Lawyers seek compensation of at least £150m for loans sold on after lender collapsed

Tue Jan 17 2023 - 18:17

Premier League chair steps down over Newcastle takeover

Gary Hoffman will leave in January after controversy over Saudi-backed takeover

Wed Nov 17 2021 - 16:19

Investors have ‘immense’ interest in backing Ulster Bank deal

PTSB CEO says it will approach State and stock market for cash to seal deal if necessary

Wed May 19 2021 - 16:22

Online bank Monzo hires financial market veteran as chairman

Gary Hoffman has been appointed chairman of the fast-growing digital bank, sources say

Tue Jan 08 2019 - 16:42

Caveat: Firebreak between bank failures and public bailouts still does not work

‘Even if we had known that the banks were bust on the night of September 29th, it is not obvious what we could have done’

Thu Oct 04 2018 - 16:45

UK building society latest to exit Irish savings market

Leeds Building Society gives Irish savers two months to find new home for their deposits

Tue Jul 31 2018 - 04:40

Virgin Money bought by Clydesdale bank owner CYBG for €1.9bn

Former AIB chief David Duffy to lead what will be UK’s sixth-largest bank

Mon Jun 18 2018 - 07:58

Drumm isolated as repetitive prosecution narrative emerged

Former Anglo chief took copious notes as 49 prosecution witnesses gave evidence

Wed Jun 06 2018 - 20:57

Jubilation on streets of Athenry but saga could still end in tears

Business Week: also in the news were Ryanair, tracker mortgages and job announcements

Sat Nov 04 2017 - 07:08

Gordon Brown recognises Ireland for prosecuting bankers

Former British PM queries why UK didn’t do as Ireland did and prosecute rogue bankers

Tue Oct 31 2017 - 10:18

Planet Business: The week in tulip bulbs, technical hitches and sausage rolls

‘Kamikaze Brexit’, Northern Rock, Face ID demonstrations and other disasters

Fri Sept 15 2017 - 06:30

Ten years after the Northern Rock run, have the crash’s lessons been heeded?

London Briefing: The UK banking system is an ‘accident waiting to happen’

Wed Sept 13 2017 - 05:58

Enet goes head-to-head with Eir for rural broadband contracts

Telecoms firm to build new €100m network in Eir rollout areas

Thu Sept 07 2017 - 13:48

Provident Financial slump hits like a blast from the past

So do we have another Northern Rock on our hands? Probably not

Wed Aug 23 2017 - 06:00

Savers may suffer as Nationwide UK set to leave Irish market

British building society’s savings-only subsidiary in Ireland offered attractive rates

Mon Apr 10 2017 - 08:03

Blackstone and Prudential in lead for Bradford & Bingley mortgages

UK bank consortium to lend up to £12.5 billion for purchase of buy-to-let portfolio

Mon Feb 27 2017 - 16:26

Anglo verdict: Prosecution wanted ‘green jersey’ agenda removed

Judge ruled it would not be right or practical to try to stop the jury hearing about the issue in the course of other testimony

Thu Jun 09 2016 - 16:05

Wilbur Ross backed NBNK to close

Investment company, led by former BOI investor, failed to acquire European banking assets

Mon Apr 11 2016 - 14:21

UK start-up bank asks customers to fund opening

Mondo is seeking to raise £1 mn via crowdfunding

Tue Feb 16 2016 - 12:40

Loan system is paying off for Cerberus

As its portfolio expands, so does the amount of attention Cerberus is getting

Fri Nov 27 2015 - 08:03

Britain’s ‘bad bank’ sells £13bn portfolio to Cerberus

Sale includes mortgages and unsecured loans from what was Northern Rock

Fri Nov 13 2015 - 11:36

Former Central Bank governor ‘not aware’ of guarantee request by banks

John Hurley clarifies evidence to Oireachtas banking inquiry with written statement

Fri Nov 06 2015 - 01:00

Britain’s ‘bad bank’ repays further £500m to government

UK Asset Resolution (UKAR) has now returned £14.6bn or 30% of overall loan

Thu Oct 29 2015 - 09:12

Project Arrow draws political flak

Cerberus looks set to continue sweeping up the mess left by financial crisis for some time to come

Sat Oct 24 2015 - 09:00

Anglo’s failure to enforce loan policy a ‘serious mistake’

Ex-head of lending says decision not to take on new development loans not broad enough

Thu Sept 10 2015 - 01:00

Anglo move on new development loans not enough - Browne

Former head of lending tells banking inquiry decision on new clients was ‘seriously flawed’

Wed Sept 09 2015 - 22:05

Mistake to meet at Druid’s Glen says former Cowen adviser

‘Morally indefensible’ to force taxpayers to bear costs Alan Gray tells banking inquiry

Wed Sept 09 2015 - 16:55

European banks aim to sell €74bn of real estate debt

Investors will be offered range of distressed opportunities in an effort to trim loan books

Wed Jul 22 2015 - 05:00

Banking Inquiry: Cowen evidence details sleepwalk into crisis

Former minister for finance’s failure to respond earlier to Anglo worries proved costly

Wed Jul 08 2015 - 12:32

Cowen comes out swinging to defend time as minister for finance

Unlike Charlie McCreevy, ex-taoiseach accepts mistakes were made on his watch

Fri Jul 03 2015 - 01:03

Banking Inquiry: Patrick Neary argued for blanket guarantee

Former financial regulator says he believed banks were solvent on September 29th, 2008

Fri May 29 2015 - 09:16

Banking inquiry: ‘no evidence of solvency issue’ before guarantee

Neary says meetings with Seán Quinn were ‘unannounced’ and ‘unexpected’

Thu May 28 2015 - 17:58

Brian Lenihan’s family seek legal advice on banking inquiry

Conor Lenihan ‘surprised’ at decision not to hear evidence from late minister’s relatives

Mon Apr 27 2015 - 01:00