Reuters
Three banks offer to securitise Northern Rock loan
Royal Bank of Scotland, Barclays and Citigroup have offered to securitise half of the Bank of England's emergency loan to Northern Rock, according to The Sunday Telegraph.
The three banks approached the Treasury in the past few days offering to securitise £12.5 billion of Northern Rock mortgage assets in the markets, the newspaper said. The newspaper reported that would-be buyer of Northern Rock, Richard Branson, was facing a setback to his plans, as investors Legal & General and Schroders were backing the bank's "self rescue" plan.
Advert
Popular Stories
Malta left out of iPad 3...
New Maltese bank to launch first...
Social CRM is the next big thing
Apple iPad 3 officially in Malta...
Personal branding experts take...
Business intelligence software grows...
Apple out to kill widespread...
Exploiting online viral marketing
Allowing your mobile to explain what...
In Discussion
Advert
0 Comments
Post comment
Please sign in or create your Account to post comments.