Northern Rock

8 results about this entity

Period: 17 May 2005 - 22 Nov 2011

For banking start-ups, the word 'bank' has become a business liability

"Has the word 'bank' been so discredited that a new name needs to emerge?" That's the question being asked by business mogul Richard Branson as he conducts a rebranding exercise for the prospective Virgin Money/Northern Rock banking business.

Lord Levene venture eyes Lloyds online unit Intelligent Finance

The new high street bank being set up by City grandees Lord Levene and Sir David Walker is eyeing up the acquisition of Lloyds' online unit Intelligent Finance, according to press reports.

Virgin Money applies for banking license

Virgin Money has applied to the UK's Financial Services Authority for a full banking license as it plans to start taking deposits and offering mortgages online.

Tesco may bid for Northern Rock - The Times

UK supermarket chain Tesco may be a surprise bidder for nationalised bank Northern Rock, the Times newspaper has reported.

Northern Rock saved by "inadequate" IT

The UK government was forced to rule out letting failed bank Northern Rock wind down because poor IT systems would have left depositors waiting for their money, risking another major run.

UK's Faster Payments service goes live

The UK's faster payments service, designed to provide customers with near real-time transfer of phone, Internet and standing order payment instructions - has finally gone live.

Barclays to step up focus on liquidity management

Barclays has selected a liquidity management system from payments provider Fundtech as part of its efforts to improve the monitoring of its cash flows and in preparation for the introduction of the Single Euro Payments Area (Sepa) and Target2 Securities (T2S) initiatives.

Northern Rock implements Wall Street treasury system

UK bank Northern Rock is implementing Wall Street Systems' technology under a managed service contract to support group treasury operations.