Britain's sixth biggest mortgage provider, the ``bad bank'' running down the loans of collapsed lender Northern Rock, said it repaid £2.1 billion to the government last year after its annual profits more than doubled.
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Uk 'bad bank' repays £2.1 billion
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Bad credits eat up bank profits
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Freddie Mac reports $4.4 billion loss, requests $6 billion from Treasury
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Portfolios of bad loans to grow
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FINANCIAL REGULATOR tells banks:
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Lend Lease profits fall
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Northern Rock sold to Virgin Money
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Bank of England cuts interest rates to historic low
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Bank of Scotland fined £4.2m for failing to keep mortgage records
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Societe Generale fined 1.6 million pounds by UK Financial Services Authority
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Lenders need capital as losses mount:
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Bank of England slashes bank rate to 2%
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Nine out of 10 bank and building society branches owned by just six financial giants
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Banks face 'massive losses'
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Northern Rock cuts rates on Everyday range
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Lower bad loans give HSBC a big Q1 profit boost
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Northern Rock to be sold