Bank - New restructuring plan: The European Commission approves the new restructuring plan of a mortgage bank following its nationalisation in 2008 (Northern Rock)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Eur. Comm, Dec. 2010/262/EC, 28 October 2009 on the State aid implemented by the United Kingdom for Northern Rock, case C 14/08, OJ L112, 5 May 2010, p. 38. This is a case decided in October 2009, but the publication of the text of the decision in the Official Journal recently justifies a more detailed discussion. The Northern Rock case is probably one of the most emblematic cases in the context of the financial crisis. It concerns one of the first institutions to be affected by the crisis, as early as September 2007, even before the collapse of Lehman Brothers in October 2008, which triggered the systemic crisis. It is a good illustration of the