UK Asset Resolution bad bank to sell assets over the next three years

Britain’s bad bank, which is in charge of winding down the assets that it took control of after the financial crisis, is to sell them over the next three years. UK Asset Resolution believes that it can offload its remaining £12bn of loans from Bradford & Bingley and Northern Rock, which were nationalised in 2008. UKAR is owned by the government and administers the Help to Buy Isa scheme for the Treasury. It has reduced the assets it manages by about £96 billion since 2010. Click here for the full Times article (£) Click here for the full Telegraph article