Friday, Jul 04, 2008
It's getting harder to recapitalise
Times: B&B shareholders forced into funding rescue
Bradford & Bingley’s largest shareholders were forced to rescue the bank's capital-raising effort last night as TPG Capital, the private equity group, pulled out of a £179 million deal.
Posted by holding out @ 08:35 AM (237 views) Add Comment
3 Comments
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1. holding out said...
Has anybody heard what A&L are doing as I was under the impression they were desperate in need of funds?
Having left it so late you wonder if they haven't missed the boat.
2. jonb said...
Is it time to form an orderly queue outside the local branch?
Fortunately I don't have any money saved with them.
3. planning4acrash said...
My freedom of information request:
http://www.housepricecrash.co.uk/newsblog/2008/07/blog-we-are-not-allowed-to-know-how-much-of-our-money-was-used-to-bail-out-this-failed-bank-14829.php