EU approves Bradford & Bingley bail-out

The European Commission today approved the British government’s rescue package to bail-out mortgage lender Bradford & Bingley.

EU approves Bradford & Bingley bail-out
Wed, 01 Oct, 2008 - 12:24

The European Commission today approved the British government’s rescue package to bail-out mortgage lender Bradford & Bingley.

Clearance under EU state aid rules was rushed through in less than a day instead of the months it usually takes Brussels to vet such measures for fair competition.

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CourtsBusinessBank guarantee schemePlace: BrusselsPlace: LondonPlace: UKPerson: EU Competition CommissionerPerson: Neelie KroesPerson: KroesOrganisation: EUOrganisation: Bradford & BingleyOrganisation: European CommissionOrganisation: British GovernmentOrganisation: BradfordOrganisation: BingleyOrganisation: UKOrganisation: UK governmentOrganisation: BrusselsOrganisation: Abbey NationalOrganisation: CommissionOrganisation: HM TreasuryOrganisation: & BingleyOrganisation: Bradford and Bingley
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