Qualified advisers answering your
Financial Questions
call 0800 092 1245

Northern Rock could take over Royal Bank of Scotland and Lloyds Bank branches

It has been revealed that Northern Rock is considering acquiring the various branches of Royal Bank of Scotland and Lloyds Bank which the two companies have been forced to put for sale by the European Union. This is part of the deal which saw the two UK giants receive significant taxpayer funding to save them from financial meltdown. However, this is the first time that Northern Rock has been mentioned as a possible bidder for the branches in question.

It appears as though Northern Rock is looking to "reinvigorate" its standing on the UK high street and the acquisition of up to 918 branches would certainly assist with this aim. Whether the deal actually goes through or not is another matter with other bidders said to be circling Royal Bank of Scotland and Lloyds Bank. What does seem certain is that the UK high street will be very different to that we knew just two years ago with various banking branches set to change hands and some disappearing from the UK financial altogether.

The UK banking sector as a whole has changed dramatically over the last few years and there may well be more significant changes to come.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details