Monday, June 2, 2008

Possible Rights Failure – Part 2

Steven Crawshaw's departure from Bradford & Bingley taints banks' rights issues

The ramifications are both several and severe, potentially giving Bradford & Bingley the dubious honour of being one of the first British companies in two decades to have a major rights issue fail. Interestingly this article contains a link to " Bradford & Bingley chief must go to restore trust after rights denial" reported in http://www.housepricecrash.co.uk/newsblog/2008/05/blog-bradford-bungle-13306.php which says at the end "I have lodged an official complaint with the Financial Services Authority (FSA) over B&B's conduct and requested an investigation into whether the company created a false market in its shares as a result of its denial. I'll keep you updated."

Posted by mken @ 04:48 AM (348 views)
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