News | Latest Breaking News Stories & Headlines

Reports say that Deutsche Bank's bad bank would house or sell assets valued at up to €50 billion

Deutsche Bank to set up €50 billion bad bank - source

Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said today.

Business • 17 Jun 19

Northern Rock had to be rescued by UK taxpayers after its failure during the financial crisis

UK taxpayer-owned loans worth £4.9 billion sold

A £4.9 billion portfolio of loans bought by the UK taxpayer during the financial crisis has been sold in a "milestone" move, the British Chancellor has said.

Business • 02 Apr 19

The UK Asset Resolution (Ukar) was created in 2010 to run down the loans in Northern Rock and Bradford & Bingley

£13 billion Northern Rock loans sold to Cerberus

The UK Treasury has sold £13 billion of Northern Rock mortgages to investment firm Cerberus Capital Management in what is described as the largest ever financial asset sale by a European government.

Business • 13 Nov 15

UKAR made an underlying pretax profit of £1.4 billion in the year to March

UK 'bad bank' repays £3.7 billion to taxpayers

Britain's "bad bank" said it repaid £3.7 billion to the government in the year to March 2015, bringing the total it has repaid to £14.1 billion.

Business • 16 Jun 15

Around £9bn (€10.6bn) worth of Ulster Bank assets could be transferred to an RBS 'bad bank'

Ulster Bank to remain in Irish market: RBS

Ulster Bank’s parent group Royal Bank of Scotland has recommitted itself to the Irish market following the announcement of a major company overhaul.

Business • 01 Nov 13

UK Asset Resolution's pre-tax profits up 10% in the first half of the year

UK's 'bad bank' repays another £1.9 billion

The bad bank behind failed lenders Northern Rock and Bradford & Bingley paid another £1.9 billion sterling to UK taxpayers in the first half of the year.

Business • 06 Aug 13