Bradford & Bingley make €377m cash call

Mortgage bank Bradford & Bingley today asked shareholders for £300m (€377m) in a bid to bolster its balance sheet.

Bradford & Bingley make €377m cash call
Wed, 14 May, 2008 - 09:10

Mortgage bank Bradford & Bingley today asked shareholders for £300m (€377m) in a bid to bolster its balance sheet.

The rights issue, which will see shares offered at a 48% discount to the company’s share price last night, follows similar moves by larger banking groups Royal Bank of Scotland and Halifax Bank of Scotland.

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CourtsBusinessHeathrowPlace: UKOrganisation: Bradford & BingleyOrganisation: MortgageOrganisation: Royal Bank of ScotlandOrganisation: Halifax Bank of Scotland
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