Details emerge of Bradford & Bingley rescue deal

Details began to emerge today of the deal to save the ailing mortgage lender Bradford & Bingley.

Details emerge of Bradford & Bingley rescue deal
Mon, 29 Sep, 2008 - 08:02

Details began to emerge today of the deal to save the ailing mortgage lender Bradford & Bingley.

The company, which has been battered by the credit crunch, is to become the second UK bank this year to be nationalised – following Northern Rock into public ownership – after attempts to sell the business failed.

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CourtsBusinessBank guarantee schemePlace: UKPlace: USPlace: Northern RockPerson: Yvette CooperPerson: George OsbornePerson: Vince CableOrganisation: Bradford & BingleyOrganisation: B&BOrganisation: Tripartite AuthorityOrganisation: UK TreasuryOrganisation: Financial Services AuthorityOrganisation: FSAOrganisation: Bank of EnglandOrganisation: SantanderOrganisation: AbbeyOrganisation: Alliance & LeicesterOrganisation: BBCOrganisation: Lehman BrothersOrganisation: Merrill LynchOrganisation: Halifax Bank of ScotlandOrganisation: Sky NewsOrganisation: Liberal Democrat TreasuryOrganisation: British Government
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