EU approves Bradford & Bingley bail-out

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

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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