Thu, Oct 23, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Mortgage more

Takeover rumours boost Bradford & Bingley

Posted on 23 September 2008

From Sharecast.com: Bradford & Bingley soared on weekend reports that UK authorities are trying to broker a takeover of the buy-to-let mortgage group. The Financial Service Authority is reportedly in talks with three foreign banks - Abbey’s Spanish owner Santander, Dutch banking group ING and National Australia Bank, which owns the Clydesdale and Yorkshire banks - according to the Sunday Telegraph.

However, the Times said that neither NAB nor Santander would be willing buyers for B&B, while ING’s interest is still unclear. Shares in B&B, which recently completed its £400m rights issue, rose by 17% in early dealings on Monday before settling around 10% higher. However, the group’s shares are still almost 90% down compared to 12 month ago….. Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031