Monday, May 19, 2008
Bradford & Bungle
Bloomberg: Bradford & Bingley Plunges on U.K. Mortgage Outlook
Bradford & Bingley dropped 16 percent to 112 pence, the lowest close since its initial public offering in December 2000, valuing the bank at 692 million pounds ($1.3 billion). Edinburgh- based HBOS Plc, Britain's biggest mortgage lender, dropped 1.4 percent, and Leicester-based Alliance & Leicester declined 2.4 percent in London trading.
Posted by rental john @ 06:24 PM (204 views) Add Comment
1 Comment
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1. planning4acrash said...
Reminds me of Northern Crock. This time, nobody will know whether or not they have been bailed out, or whether the BOE have underwritten savings, and if so to what extent, so there could be a run on the bank anyway.