Proposed Northern Rock Split Angers Building Societies

18 Aug 2009

The U.K. Treasury’s proposal to split Northern Rock into a good bank and bad bank has angered building societies.

The U.K. Treasury’s proposal to split Northern Rock into a good bank and bad bank has angered building societies. The Building Societies Association reportedly has complained to European Commission that the restructured Northern Rock would put other lenders at a disadvantage because it would allow it to offer ...

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