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ePolitix
No Rock sale until 'price is right'
The government is in "no hurry" to sell off the profitable parts of the Northern Rock, chancellor Alistair Darling has said. Darling told MPs that assets of the lender would not be sold until the "price offered is right" and it could get its money back. Full Article at ePolitix
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LONDON (MarketWatch) -- Nationalized U.K. mortgage lender Nothern Rock said Wednesday that its financial performance improved in the third quarter on both an underlying and statutory basis, reflecting higher net interest income, good cost control and... Full Article at MarketWatch
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Mr Darling told MPs that assets would not be sold until the "price offered is right" and the taxpayer got its money back. Full Article at Ballymena Today
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Mr Darling told MPs that assets would not be sold until the "price offered is right" and the taxpayer got its money back. Full Article at BuryFreePress
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ALISTAIR Darling has announced that the state-controlled banks would be broken up for sale in a bid to improve competition and recoup taxpayers’ cash from the bail-out of the sector. Full Article at Manchester Evening News
Related Quotes
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I believe at the end of the day the banks will be paying money to the British public and not the other way round
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We are building more competition, reducing the liability of our insurance, and this will be of benefit to the taxpayer
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We will be able to split Northern Rock by the end of the year but I'm not going to rush into a sale. We will only sell when the time is right and when the price is right
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Uncertainty over the path of economic recovery, combined with a lack of visibility over the potential for further credit losses, means an investment in either RBS or Lloyds remains very high risk, and we would expect both stocks to continue to exhibit a high degree of volatility over the next few days
