MPs to look into £13bn sale of Northern Rock mortgages to Cerberus Capital

Treasury select committee to examine whether sale to US private equity firm was in public interest amid fears UK taxpayer may lose out in long-term MPs are to look into the sale of £13bn of former Northern Rock mortgages to the US private equity group Cerberus Capital, to examine whether the deal was in the public interest. The Treasury select committee of MPs led by Andrew Tyrie has not decided whether to launch a formal inquiry but will take initial advice about the sale after hearing of conc...