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 the act, list of, list, banks, acquired, transferred and/or act:

    “In the course of the actual attainment of selfish ends—an attainment conditioned in this way by universality—there is formed a system of complete interdependence, wherein the livelihood, happiness, and legal status of one man is interwoven with the livelihood, happiness, and rights of all. On this system, individual happiness, etc. depend, and only in this connected system are they actualized and secured.”
    —Georg Wilhelm Friedrich Hegel (1770–1831)

    “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)

    “Weigh what loss your honor may sustain
    If with too credent ear you list his songs,
    Or lose your heart, or your chaste treasure open
    To his unmastered importunity.”
    —William Shakespeare (1564–1616)

    “The effectiveness of our memory banks is determined not by the total number of facts we take in, but the number we wish to reject.”
    —Jon Wynne-Tyson (b. 1924)

    “When I contemplate the accumulation of guilt and remorse which, like a garbage-can, I carry through life, and which is fed not only by the lightest action but by the most harmless pleasure, I feel Man to be of all living things the most biologically incompetent and ill-organized. Why has he acquired a seventy years’ life-span only to poison it incurably by the mere being of himself? Why has he thrown Conscience, like a dead rat, to putrefy in the well?”
    —Cyril Connolly (1903–1974)

    “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 main jet
    Struggling aloft unti it seems at rest

    In the act of rising, until
    The very wish of water is reversed,”
    —Richard Wilbur (b. 1921)