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Who Will Be Next...

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I'll go for the B&B as the next bank that will experience a run followed by assimilation.

Any advances...

I think the big caps are big enough to absorb this.

Perhaps we should run a book on this.

Edited by 2MeterBear

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I remember when we had the petrol protests several years ago. The French had a petrol protest themselves several days before, this gave inspiration for our own protests.

10's of millions of viewers have seen what has happened with NR, so if the B&B or Abbey etc approach the BoE for emergency funding their savers will withdraw their savings too. Surely B&B, Abbey etc cannot be seen to be seeking emergency funding, that tap has been turned off.

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My bet is on B&B. Doing a few googles throws up some links.


Credit Suisse said it believes Bradford & Bingley can fund itself until at least December, and Alliance & Leicester and HBOS will be able to fund themselves until at least the second half of 2008. The broker group remains cautious generally and reiterated its 'underperform' rating on B&B and A&L.

On 5th Sept

Bradford & Bingley, which provides about one in five loans to U.K. landlords, lost 5.6 percent to 361.25 pence. The shares were cut to ``underweight'' from ``overweight'' at Lehman Brothers.

`Material Hit'

``Uncertainties in asset-backed markets and rising wholesale funding costs are likely to affect earnings within the sector and specifically at Bradford and Bingley,'' the analysts wrote.


From the Mirror

City experts are worried that Alliance & Leicester, Bradford & Bingley, Paragon and Halifax Bank of Scotland could all get into difficulties.


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Yip, I think BB could have quite a problem, they spent years being a combined mortgage broker/lender actually selling Northern Rock mortgages to the general public before realising they should perhaps sell their own mortgages again... what do you think?

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