Bloomberg News

U.K. Paid Deutsche Bank $2.9 Million for Northern Rock Advice

February 28, 2012

Deutsche Bank AG (DBK) was paid 1.8 million pounds ($2.9 million) for its advice on the sale of Northern Rock Plc, U.K. Financial Investments Ltd said.

The payment compared with costs of as much as 7 million pounds proposed by other potential advisers, UKFI said today in a statement.

To contact the reporter on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editor responsible for this story: Jon Menon at jmenon1@bloomberg.net


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