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 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)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>