Bradford & Bingley Set for Takeover or Nationalization by UK


Business | 208143 hits | Sep 28 4:39 pm | Posted by: tritium
5 Comment

Bradford & Bingley Plc, Britain's biggest lender to landlords, may be taken over by another bank or nationalized today under a U.K. government-backed plan to protect 21 billion pounds ($39 billion) of customer deposits.

Comments

  1. by avatar tritium
    Sun Sep 28, 2008 11:44 pm
    Another bank bites the dust...

    Makes you wonder what happen to all the money, Bradford & Bingley, Fortis, Fannie Mae, Freddie Mac, AIG or Lehman.

  2. by avatar travior
    Mon Sep 29, 2008 12:09 am
    All the idiots in parlement and congress will use the profits for new oak desks and cushy new chairs to uphold where their ass-sets. Oh... I mean, it will probably get reinvested to make repay the good citizens for their cash donation by taxation :roll:

  3. by avatar Toro
    Mon Sep 29, 2008 1:56 am
    Fortis is being taken over the Benelux governments.

    European banks are more leveraged than American banks. Its only a matter of time before the European financial system gets whacked as well.

  4. by avatar tritium
    Mon Sep 29, 2008 2:01 am
    Bradford & Bingley Plc, Britain's biggest lender to landlords, may be taken over by another bank or nationalized today under a U.K. government-backed plan to protect 21 billion pounds ($39 billion) of customer deposits.


    Look like the U.K. is taking a hit..

  5. by avatar Toro
    Mon Sep 29, 2008 2:03 am
    "tritium" said
    Bradford & Bingley Plc, Britain's biggest lender to landlords, may be taken over by another bank or nationalized today under a U.K. government-backed plan to protect 21 billion pounds ($39 billion) of customer deposits.


    Look like the U.K. is taking a hit..


    Its the second British bank in a year. Northern Rock was the first.



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