Monday, June 2, 2008

B&B Cracks Under Credit Crunch Pressure

Bradford and Bingley- Another Bank Cracks Under Credit Crunch Pressure

The Bradford and Bingley, Britain's biggest buy to let mortgage lender is expected to announce another profits warning later today as its Chief Executive abandoned the sinking ship ahead of a £300 million originally heavily discounted rights issue at 82p, which given Friday's close of 86p and today's expected price slump looks increasingly vulnerable

Posted by nadeem walayat @ 02:52 PM (329 views)
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