Talks to save Bradford & Bingley continue
Top-level talks over ailing lender Bradford & Bingley continued today amid reports the bank faces imminent nationalisation.
B&B is in discussions with the so-called Tripartite Authority – the Treasury, Financial Services Authority and the Bank of England – over the potential bail-out as the bank is buffeted by the credit crunch.
An FSA spokesman said: “We confirm that the Treasury, FSA and BoE are working closely with B&B to consider the implications for its business of recent financial turmoil.”
The Treasury would only said that discussions were “ongoing”, although an announcement could come later tonight or early tomorrow morning before the London Stock Exchange opens.
