Northern Rock Company Description
For many homeowners in the UK, Northern Rock has been their cornerstone. The bank offers retail and wholesale residential mortgages, as well as commercial loans, credit cards, and savings accounts through branches and mortgage centers located from Scotland down to South England. The company also offers savings programs in Ireland, mortgage loans in Northern Ireland, and offshore accounts. Its Northern Rock Foundation gets 5% of the company's pre-tax profits for use toward charitable programs. In 2008 the British government temporarily nationalized Northern Rock after the bank was snared by the global credit crisis.
View the Comprehensive Company Description for Northern Rock
The Company Description provides a historical perspective of Northern Rock's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Northern Rock's evolution in the marketplace.
