A woman is reflected as she passes a branch of Northern Rock in London August 4, 2009. (File Photo). REUTERS/Luke MacGregor (BRITAIN BUSINESS)  By Foo Yun Chee and Clara Ferreira-Marques
BRUSSELS/LONDON, Oct 28 (Reuters) – European Union
regulators have approved a UK government plan to break up
state-owned mortgage bank Northern Rock, in a move that clears the way for the sale of key parts of the battered lender.

(more…)