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    Britain welcomes EU backing on Northern Rock
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    (LONDON) - The British government on Wednesday welcomed news that EU competition regulators have approved the state aid contained in plans to break up and sell British nationalised bank Northern Rock. "The government has today welcomed the European Commission's approval of the legal and capital restructure of Northern Rock" a Treasury statement said. Full Article at EUbusiness
    The government has today welcomed the European Commission's approval of the legal and capital restructure of Northern Rock
    SOURCE: EUbusiness 1 month ago
All quotes from:
Britain welcomes EU backing on Northern Rock
  1. The restructure will strengthen Northern Rock's capital position and enable the bank to return to the mortgage market and support the economic recovery as proposed by the government in February. Under the restructure, the back book of mortgages will be managed separately to Northern Rock's other busines...
    SOURCE: EUbusiness 1 month ago
  2. The government announced ... in July that one of the conditions for the eventual sale of (Northern Rock) will be that it must promote competition in the banking sector
    SOURCE: EUbusiness 1 month ago

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