United Kingdom | Sunday, 12 October 2008

Bradford Articles

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1. Bradford & Bingley is nationalised
The government nationalised Bradford & Bingley on Monday, making the buy-to-let mortgage lender the second bank to be taken into public ownership this year as a deepening financial crisis claims more victims around the world.
29 Sep 2008
2. B&B sinks to first-half loss
Troubled lender Bradford & Bingley sank to a first-half loss on Friday, hit by 155 million pounds in writedowns and investment losses, and said bad debts had risen by more than half since the end of 2007.
29 Aug 2008
3. B&B bankers stuck with rump
Banks supporting a key cash call at Bradford & Bingley said on Friday they would buy the 72 percent of shares not placed in the bank's rights issue after a languishing price made it impossible to find other investors.
22 Aug 2008
4. B&B gets 28 percent takeup for rights issue
Embattled mortgage bank Bradford & Bingley said shareholders subscribed to buy almost 28 percent of shares in its 400 million pound cash call, broadly in line with market expectations.
18 Aug 2008
5. B&B shareholders back rights issue
Shareholders at midcap bank Bradford & Bingley voted in favour of the troubled banks plan for a £400 million rights issue.
17 Jul 2008
6. Bradford & Bingley at fresh low
Shares in troubled bank Bradford & Bingley accelerated their losses on Tuesday, hitting a fresh low amid concerns over its outlook even after an enlarged 400 million pound cash call.
08 Jul 2008
7. B&B shares hit new record low
Shares in troubled Bradford & Bingley fell 17 percent on Monday to hit a record low of 41.5 pence, below its rights issue price of 55p, as concerns over the mortgage bank's future persist.
07 Jul 2008
8. FSA says closely monitoring Bradford & Bingley
The chairman of Britain's Financial Services Authority (FSA) said the regulator was closely monitoring Bradford & Bingley, the bank whose shares have slumped on concern about its business plan.
07 Jul 2008
9. B&B ups rights issue size after TPG quits
Bank Bradford & Bingley said it plans to increase the size of its rights issue to 400 million pounds after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake.
04 Jul 2008
10. Resolution scraps Bradford & Bingley plan
Entrepreneur Clive Cowdery scrapped his plan to inject 400 million pounds into Bradford & Bingley on Friday, saying the lender's refusal to open its books made a deal impossible.
27 Jun 2008
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