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Bradford and Bingley

Bradford & Bingley considers asset sale

By Jane Croft

Published: April 2 2009 16:02 | Last updated: April 2 2009 16:02

Bradford & Bingley is considering disposing of assets such as its commercial loan book to help run down its £42.2bn loan book over the next decade.

B&B said it would look at opportunities to accelerate the run-down of its mortgage book by selling loans but in the current markets, it may be difficult for it to sell these assets at an acceptable price.

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