English version

Northern Rock

From Longman Dictionary of Contemporary EnglishNorthern RockˌNorthern ˈRock trademark   a British bank that was nationalized in February 2008. In September 2007 the bank had to ask the Bank of England for emergency funds because of problems in the credit markets connected with the crisis in the US subprime mortgage market. The bank was sold back into private ownership in 2011.
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