All Entries Tagged With: "Bradford Bingley"
Bradford & Bingley announce further job cuts
Bradford & Bingley former boss Rod Kent apologised for the bank’s collapse yesterday on behalf of the board of directors and himself a few days before he steps down from his position.
Spanish banking giant Santander who owns Alliance & Leicester and Abbey brought Bradford & Bingley’s 200 branches and £20 billion worth of deposits [...]
Bradford & Bingley: Pass on interest cut to help Buy-to-Let
Bradford & Bingley agrees to pass on the Bank of England base interest rate cut but it will only benefit Buy-to-Let loans, product variable loans and Self-certification mortgages due to the lender not cutting its Standard Variable Rate (SVR).
Bradford & Bingley made the cut to its mortgage product range that generally charge much higher interest [...]
UK Buy-to-let mortgage products rapidly disappear
The UK saw a slump of 12.4 percent so far this week in mortgage products availability since Bradford & Bingley left the mortgage market and as concerns grow about the UK economy as the financial crisis
Bradford & Bingley: cost to tax payer
According to George Osborne the Conservative Shadow Chancellor Bradford & Bingley should have been helped more by the government and could have opted for a solution that would
Bradford & Bingley nationalised and Santander buying £21bn
It’s been said by the Treasury that B&B customers money is safe although it will be share holders that will lose
Bradford & Bingley update: Taxpayers could end up paying billions
Bradford and Bingley who are one of the biggest buy-to-let operators is close to being nationalised by the Government, B&B have been frantically looking for a private buyer but has not managed to
Bradford and Bingley: FSA have 3 rescue banks at the ready
Bradford and Bingley have been tipped to be the next “run on the bank”, the UKs financial authorities are so concerned about the future of Bradford and Bingley that they have three banks at the ready for a quick
Bradford and Bingley share price soar
Bradford and Bingley shares soared today after news broke that the troubled buy-to-let lender could be taken over by a larger
Bradford & Bingley shareholder meeting as it happens
Martin Wainwright from the Guardian is at the Bradford & Bingley shareholder meeting, and will be reporting as it happens. The troubled lender is at the meeting asking for £400m so that they are able to survive this current downturn.
Bradford & Bingley & HBOS to secure rights issues
Bradford & Bingley along with HBOS are to secure support from shareholders for their urgent rights issues this week; this move will hopefully recapitalize the damaged financial sector in Britain.
It is expected that B&B who are specialists for buy-to-let mortgages will
Bradford & Bingley (B&B) shares continue to fall
We reported yesterday that Bradford & Bingley (B&B) shares were down 14% to 43p, well the troubled bank face fresh problems on Tuesday as their losses have accelerated.
As at 8:38 a.m, the stock in B&B has fallen 26% to a new low of 32.5 pence, this is far below its planned rights issue price of [...]
Bradford & Bingley's (B&B) 14 percent stock plunge: now 43p
Bradford & Bingley’s (B&B) finished last week 50p down to finish on just 48p, now they have taken a 14 percent plunge to an all-time low of 43p today, this is 12p below the bank’s rights issue price, it is thought that the decision to walk away from its £400 million rescue deal was to [...]
Mortgage lender Bradford & Bingley fears of profit warning
Mortgage lender Bradford & Bingley have been talking of fears of profit warning, they will be updating the city later this week on their current trading, one issue that they will talk about is their prospectus for a £400m fundraising.
Bradford & Bingley mortgage lender saved by largest shareholder
After TPG Capital pulls out of a £400m capital increase for the Bradford & Bingley building society, the mortgage lender was rescued Thursday by it’s largest shareholder.
The private equity group, TPG Capital was going to get a 23 per cent stake in the bank but they had the legal right to pull out after Moody’s [...]