Banking (Special Provisions) Act 2008 - List of Banks Acquired/transferred Under The Act

List of Banks Acquired/transferred Under The Act

Bank Action taken Date Refs
Northern Rock Nationalised 21 February 2008
Bradford & Bingley Mortgage assets nationalised; savings deposits and branch network transferred to Abbey, a UK subsidiary of Grupo Santander 29 September 2008
Heritable Bank (subsidiary of Landsbanki of Iceland) Transferred to ING Direct 7 October 2008
Kaupthing Edge (division of Kaupthing Singer & Friedlander) Transferred to ING Direct 8 October 2008

Read more about this topic:  Banking (Special Provisions) Act 2008

Famous quotes containing the words list of, list, banks, acquired, transferred and/or act:

    I made a list of things I have
    to remember and a list
    of things I want to forget,
    but I see they are the same list.
    Linda Pastan (b. 1932)

    Every morning I woke in dread, waiting for the day nurse to go on her rounds and announce from the list of names in her hand whether or not I was for shock treatment, the new and fashionable means of quieting people and of making them realize that orders are to be obeyed and floors are to be polished without anyone protesting and faces are to be made to be fixed into smiles and weeping is a crime.
    Janet Frame (b. 1924)

    For the wrong that needs resistance,
    For the future in the distance,
    And the good that I can do.
    —George Linnaeus Banks (1821–1881)

    I understood that all the material of a literary work was in my past life, I understood that I had acquired it in the midst of frivolous amusements, in idleness, in tenderness and in pain, stored up by me without my divining its destination or even its survival, as the seed has in reserve all the ingredients which will nourish the plant.
    Marcel Proust (1871–1922)

    When private men shall act with original views, the lustre will be transferred from the actions of kings to those of gentlemen.
    Ralph Waldo Emerson (1803–1882)

    The ambivalence of writing is such that it can be considered both an act and an interpretive process that follows after an act with which it cannot coincide. As such, it both affirms and denies its own nature.
    Paul De Man (1919–1983)