NBNK Investments [SEP] inception
NBNK Investments
NBNK Investments plc was a UK-based financial investment company formed by Lord Levene and a consortium of senior business figures in 2010. The aim of the company was to build a new large UK retail bank primarily through the acquisition of other banks.
By 2016 NBNK had still failed to acquire any target companies, and in June 2016 it entered voluntary liquidation.
History.
History Foundation.
The company was formed by Lord Levene and a consortium of City executives as a vehicle to acquire UK banking assets
become CEO at NBNK Investments on 1 May 2011. Due to Hoffman's previous position NBNK Investments could not table a bid for Northern Rock for a period of 12 months. In November 2011 it was announced that Virgin Money would be buying Northern Rock.
In September 2011 NBNK announced that trading in its shares would be suspended until takeover talks with an unnamed bank had been concluded. In November 2011 it was revealed that NBNK and the Co-operative Banking Group were the final two bidders for 600 or more of the branches