Tag Archive | "iva"
Time Runs Out For Northern Rock Bidders
It seems that the chances of a major bidding war for Northern Rock have disappeared as it seems that only two bidders will be putting forward plans for its takeover by the deadline on Monday 4 February. After taking advice from investment bankers Goldman Sachs, a fortnight ago Chancellor Alistair Darling offered taxpayer’s money for £26bn [...]
Continue reading...PM Holds Off On Northern Rock Decision
Wednesday, January 23, 2008
Prime Minister Gordon Brown has delayed a decision with regard to the future of Northern Rock to give the stricken bank one more chance to find a private buyer. Mr Brown told the City and MPs that they would have to wait for an announcement about Northern Rock’s future. It seems the Prime Minister is trying [...]
Continue reading...Individual Insolvencies Expected To Rise
Monday, January 14, 2008
Christmas spending sprees will boost the number of individual financial casualties in the first quarter of 2008. According to accountants Grant Thornton there will be an extra ten thousand people who go bankrupt or enter into an individual voluntary arrangement (IVA) in the first three months of the year, boosting the number to 28,000. The [...]
Continue reading...B&B Could Be In For A Chunk Of Northern Rock
Friday, January 4, 2008
Another potential bidder for Northern Rock has emerged, and it’s Bradford & Bingley. This has to be regarded as a surprise because B&B is a similar beast to Northern Rock, in that they are both building societies that have become mortgage banks. Therefore it was suspected that B&B might eventually have similar problems to those [...]
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Monday, February 4, 2008
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