![]() Business Comment - UK banking can ill-afford Bradford & Bungle ... The catalogue of errors at Bradford & Bingley has shown that it is quite capable of making a regular fool of itself. The withdrawal of US private equity ... ![]() Bradford & Bingley investors urged to look at blocking bailout Bradford & Bingley’s hopes of securing a swift financial rescue were dealt a blow yesterday after a campaigning investor group told the bank’s small ... |
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A group of major investors stepped in to rescue a $793 million capital-raising effort by Bradford & Bingley, after U.S. buyout firm TPG pulled out of a deal to take a stake in the troubled U.K. mortgage lender. - 07/06/08 at 04:05AM The collapse of TPG Capital's rescue package for Bradford & Bingley is an embarrassment to Goldman Sachs, the Wall Street investment bank that arranged the deal in a... - 07/06/08 at 01:43AM Clive Cowdery, boss of the Resolution buyout fund, has turned down approaches from Bradford & Bingley's big four investors to return to the mortgage lender once its £400m rights issue is underwritten. - 07/06/08 at 12:07AM WITH the banking sector still deep in crisis the last thing it needed was another Northern Rock-style embarrassment. The catalogue of errors at Bradford & Bingley has show - 07/05/08 at 05:54PM BRADFORD & Bingley shares tumbled yesterday after it rushed out a new emergency fundraising package following the departure of a US backer. - 07/05/08 at 10:12AM The FTSE index of Britain's 100 biggest firms closed yesterday at its lowest level for two and a half years. - 07/05/08 at 06:41AM |
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I know nothing....... but By RAFTengah: I know nothing but this. At 50p its too late to sell. You will gain nothing except 50p a share. I would lose about £4000 if I sold tomorrow, and my return would be tiny. Its too late to sell. ... - Sun, Jul 06 We needed a sledgehammer years ago Bradford and Bingley - I cannot keep up with it. Downgrades, rights issues, and private equity groups – the bank is a model of instability. Each week, the B&B management produce an new capital raising strategy. ... - Sun, Jul 06 Bradford & Bingley counts cost of private equity pull-out Standard Life Investments, the bank's biggest institutional investor, said today that it was "positive about the long term prospects and happy to participate in funding the future of Bradford & Bingley". ... - Sun, Jul 06 BB-, outlook negative More grief for Bradford & Bingley. From the FT’s banking team, Peter Thal Larsen and Jane Croft: Bradford & Bingley is braced for a further setback after Moody’s, the rating agency, indicated it was preparing to cut the ailing mortgage ... - Sun, Jul 06 Bradford & Bingley To Enlarge Rights Issue As TPG Withdraws Some mutual funds want you to pay for the privilege of them taking your money to invest. - Sun, Jul 06 Freddie Mac shares sink on capital concerns - MSN MoneyCentral Bradford & Bingley shares plunged last month when it reported an £8m pre-tax loss in the first four months of the year. The firm is struggling as the UK mortgage market deteriorates. To shore up its finances, the lender was hoping to ... - Sun, Jul 06 |
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