John Redwood's Diary (Free subscription) | yesterday
One day I saw the Bradford and Bingley share price was falling faster than usual. The next day I read they were thinking of nationalising it. On the third day I heard they were nationalising the mortgage side of the business. As an MP I was yet [...]
Norfolk Blogger (Free subscription) | 04/10/2008
The BBC's Robert Peston has been ahead of the government in almost every respect during the credit crunch. He predicted the problems faced by Northern Rock, Bradford and Bingley and Alliance and Leicester, he remarked months before the credit crunch started that their were very grey clouds on the horizon, and he also broke the News of the HBOS takeover by Lloyds TSB before anyone else knew. Seemingly,...
Vino's Political Blog (Free subscription) | 04/10/2008
Bradford and Bingley used to provide a disproportionate amount of buy-to-let loans. This article asks whether the bank's division and nationalisation will kill off the new lending in the buy-to-let market . I am not sure, but I hope so. From the 1940s to the 1980s, government policy was to encourage people to move from the private rented sector to the owner-occupied sector or the council housing sector....
Liverpool Daily Post.co.uk (Free subscription) | 04/10/2008
CALDY should be in confident mood for today’s National Three North League encounter against Preston Grass-hoppers at Paton Field after a comprehensive 50-6 win at Bradford and Bingley last week.
Guy Fawkes' blog (Free subscription) | 02/10/2008
There was a little union sponsored demo in Birmingham against "Cameron's cronies cashing in on the credit crunch" organised by Charlie Wheelan. Unfortunately they seem to have missed out on the biggest short seller of Bradford and Bingley. None other than his old crony Paul Myners' GLG Partners. Brown's favourite financier, donor and deputy chairman of the Smith Institute, as well as Gordon's personal...
Rupert's Read (Free subscription) | 02/10/2008
I can't get over the fact that Bradford and Bingley were still this week parading the bowler-hatted advertising icons around on TV, even while it was obvious to all that they had quite shamefully shredded their supposed reputation for sobriety and reliability... How about this conversation 'from the archives'...: "Let's demutualise, Mr. Bradford." "A capital idea, Mr. Bingley. It will deliver us lots...
Indybay newswire (Free subscription) | 02/10/2008
Wednesday, October 1, 2008 : The chancellor of the exchequer, Alistair Darling, announced minutes before the London Stock Market opened on Monday that the government would take over the Bradford and Bingley (B&B).
People Daily (Free subscription) | 02/10/2008
The European Commission swiftly approved on Wednesday the British rescue aid package for Bradford and Bingley, the British mortgage bank which fell prey to the global credit crunch. The Commission said it had been in contact with the British authorities over the week-end to support in the design of measures that could comply with competition rules after the bank was forced sought emergency help from...
Research Recap (Free subscription) | 01/10/2008
Recent actions by ratings agencies on financial companies in the news: Bradford & Bingley (London: BB) Fitch Discusses Rationale behind Bradford and Bingley Rating Actions (Sep 30) Fortis (Euronext Brussels: FORS) Moody’s downgrades Fortis’ ratings (Sep 30) Citigroup (NYSE: C)/ Wachovia (NYSE: WB) Fitch Places Citigroup’s ‘AA-’ IDR on Watch Negative; Lowers Wachovia Corp. to ‘BB-’ (Sep 30) Fitch Places...
Baggage Reclaim (Free subscription) | 01/10/2008
....as long as they keep the girl in the green jacket and the bowler hat ....
Classical Values (Free subscription) | 01/10/2008
In Europe. And you thought we had it bad in America. The Dutch-Belgian bank Fortis, Britain's Bradford and Bingley, and Iceland's Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money markets, while the...
<B>Power and Control</B> (Free subscription) | 01/10/2008
In Europe . And you thought we had it bad in America. The Dutch-Belgian bank Fortis, Britain's Bradford and Bingley, and Iceland's Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money markets, while the French state pledged support for the Franco-Belgian lender Dexia after the share price collapsed on reports of a capital shortage. "The European...
Gareth Wyn (Free subscription) | 01/10/2008
Today a colleague retired after 42 years in the employment of her majesty's civil service. After all these years he would still travel in wearing his bowler hat - a rare sight, and with the death of Bradford and Bingley an even rarer one in future. As part of his farewell to us he brought in some chocolates - most people would bring in Roses, Quality Street or if rather chavvy Celebrations. But no...
Irish Election (Free subscription) | 30/09/2008
It’s useful to look at the details of the guarantee that Alistair Darling gave Bradford and Bingley yesterday in comparison with Brian Lenihan’s dramatic announcement today. 7. The remaining assets and liabilities of Bradford & Bingley - principally comprising its mortgage book, personal loan book, headquarters and relevant staff, and treasury assets and its wholesale liabilities [...]
Love and Garbage (Free subscription) | 30/09/2008
Roused from hibernation to say I'm not wishing to scapegoat any part of the country in particular, but HALIFAX Bank of Scotland BRADFORD and BINGLEY Just because the county championship didn't go as hoped, there's no need to take it out on the rest of us. PS If you're interested in the international roots of the crisis Gary Becker and Judge Richard Posner have been discussing this and the bailout over...
