By Tom Brown 01 Mar 2021 UK Asset Resolution has sold the last of its mortgages to Pimco and Davidson Kempner (DK) and the legal holding companies of Northern Rock and Bradford & Bingley, ending the UK government’s involvement in the crisis-stricken lenders and closing the book on the 2008 bail-outs. “This sale brings to a close the government’s ownership of B&B and Northern Rock Asset Management [NRAM], including their loans, with the taxpayer fully repaid and the legal and regulatory responsibility for the operating companies returned to the private sector,” said UKAR in an announcement on Friday.The ... Already a subscriber?