UK Finance News

Entries from August 2009

UK Finance:Charges mount up as Northern Rock awaits EU approval

John Williams - Tuesday 04.08.09, 11:07am

UK nationalised bank Northern Rock reported that losses for the first half of 2009 have increased by almost 24% and puts the blame on the EU for not yet approving the banks restructuring plan.
Northern Rock said that the first half statutory loss of £724.2million was swollen by the £298.2million cost of a hedge against interest [...]

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