News Tag: Ron Sandler
December 15, 2009
Richard Pym, the chairman who was appointed to stabilise Bradford & Bingley last year, is to oversee Northern Rock’s ‘bad bank’ operations.
It was announced earlier this month that nationalised Northern Rock would be split into two, after receiving the necessary approval from the European Union (EU).
New Years Day is the date that has been agreed for the Rock to ...
Richard Pym to chair Northern Rock ‘bad bank’
by Kay Murchie
July 23, 2008
Former vice chairman of Barclays, Gary Hoffman, has been named as Northern Rock’s new chief executive.
Newcastle-based Northern Rock will pay Mr Hoffman almost £2 million over two years to manage the crisis-torn bank.
Mr Hoffman's basic salary is £700,000 plus three separate payments of £400,000 in compensation for the loss of his participation in Barclays' long-term incentive plans.
Hoffman, who was ...
Former Barclays chairman joins Northern Rock
by Kay Murchie
May 21, 2008
Northern Rock chairman, Ron Sandler, has warned that sharp house price falls could delay its plans to repay the billions of pounds it owes the Bank of England.
Mr Sandler said if house prices were to decline 5%, 10% or 15%, that would seriously impede fulfilling the plan and added I can't give you a single ...
Northern Rock loan repayments could be delayed by house price falls
by Kay Murchie
