Wednesday, May 14, 2008
Bradford & Bingley's £300m U-turn
MoneyWeek: What does Bradford & Bingley's £300m rights issue mean for banks?
Bradford & Bingley has become the latest UK bank to whip out the begging bowl, but don’t expect it to be the last. Its business model, like Northern Rock’s, worked fine when house prices were going up and people were hungry for mortgages. Of course, this is no longer the case...
Posted by damien @ 05:53 PM (189 views) Add Comment
1 Comment
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1. alan said...
B&B are the biggest BTL lender.