Monday, July 13, 2009

308 : Banking Sector

_______ Building Society was formed in 1965 as a result of the merger of Two Building Society.Along with many other UK building societies in the 1990s _______ chose to demutualise and float on the stock exchange, to be able to expand their business more easily.On 14 September 2007, during the financial crisis of 2007–2009, the Bank sought and received a liquidity support facility from the Bank of England following problems in the credit markets caused by the US subprime mortgage financial crisis.The company sponsored Durham and Middlesex County Cricket clubs, professional golfer Paul Eales.The sponsorship of home city football club began in 2003, and was set to expire in 2010. The current five year deal from 2005 to 2010 was worth £25 million.

Ans:Northren Rock