UK banking rescue: RBS, Lloyds, Northern Rock interventions and recapitalizations (October 2008–2010)

1. Northern Rock nationalised under temporary public ownership

   Feb 22, 2008Labels: Northern Rock, UK Government

   • BBC News
   • Northern Rock

2. Bank of England launches the Special Liquidity Scheme

   Apr 21, 2008Labels: Bank of, Special Liquidity

   • Bank of England
   • New Bagehot

3. UK announces bank rescue package and recapitalisation plan

   Oct 8, 2008Labels: UK Government, Bank Recapitalisation

   • New Bagehot
   • ONS

4. Recapitalisation agreements reached with RBS and Lloyds-HBOS

   Oct 13, 2008Labels: RBS, Lloyds Banking

   • Lords Hansard
   • ONS

5. Credit Guarantee Scheme becomes operational

   Oct 13, 2008Labels: Credit Guarantee, UK Government

   • HM Treasury
   • New Bagehot

6. UK Financial Investments set up to manage state shareholdings

   Nov 3, 2008Labels: UK Financial, UK Government

   • Companies House
   • UKFI

7. Lloyds completes acquisition of HBOS amid crisis support

   Jan 16, 2009Labels: Lloyds Banking, HBOS

   • SEC filing
   • Lords Hansard

8. Asset Protection Scheme detailed to Parliament

   Mar 9, 2009Labels: Asset Protection, Parliament

   • Commons Hansard
   • ONS

9. Northern Rock confirms plan to split into “good bank” and “asset” units

   Jun 26, 2009Labels: Northern Rock

   • Northern Rock
   • NAO

10. RBS joins the Asset Protection Scheme

    Dec 1, 2009Labels: RBS, Asset Protection

    • SEC filing
    • ONS

11. Northern Rock split takes legal effect

    Jan 1, 2010Labels: Northern Rock

    • Northern Rock
    • Independent

12. Credit Guarantee Scheme closes to new issuance

    Feb 28, 2010Labels: Credit Guarantee, UK Government

    • HM Treasury
    • HM Treasury