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DBpedia 2016-04

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Matches in DBpedia 2016-04 for { ?s ?p "UK Asset Resolution (UKAR) is a British financial services holding company with headquarters in the West Yorkshire town of Crossflatts (near Bradford & Bingley's former headquarters in Bingley). It was established in October 2010 to hold the two run-off elements, Bradford & Bingley (including the Mortgage Express brand) and NRAM plc (previously known as Northern Rock Asset Management), of the two nationalised banks in the wake of the financial crisis of 2007 and 2008.UKAR manages an asset book in run-off, with the combined entity having a total mortgage book of £49.6bn (as at 29 October 2015), although not selling any new business. In 2011 UKAR repaid £2.15 billion to taxpayers and in 2012 paid a further £4 billion.In 2014 £2.7 billion of the mortgage book was agreed to be sold to Commercial First, a consortium led by JP Morgan. This was followed by the sale of mortgages and loans held by NRAM to Cerberus Capital Management for £13 billion in November 2015."@en }

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