Daily View: Bradford & Bingley nationalised
Jane Croft on why the government acted now, whether others will follow and the outlook for B&B
Bradford and Bingley
Resources
B&B has worst buy-to-let arrears
Arrears in buy-to-let mortgages rise sharply – particularly driven by the deterioration in the securitisation vehicle of Bradford & Bingley
B&B struggles with loan book
Nationalised lender conceded it would take some years to run down its £42.2bn loan book and that it would consider disposing of assets
Bradford & Bingley considers asset sale
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
Bradford & Bingley pays ex-chief £105,000
Steven Crawshaw, the former chief executive of Bradford & Bingley who stepped down from the nationalised lender last year, is receiving a pension of £105,318 a year, it emerged on Monday
Related content and features
Multimedia
Poll: Did the government handle the B&B crisis well?
Bradford & Bingley will be nationalised with the government taking on its mortgage debt, while its deposit base and branch network will be sold to Santander
Lex
Bradford & Bingley nationalised
If you have to nationalise a bank, time it so that you get to hawk deposits when other banks are scrambling for that kind of cash
Bradford & Bingley
As the British lender’s fate as an independent company was sealed, there were no scenes of anxious depositors forming lines outside bank branches
Comment and Analysis
Last rites for B&B
Much of Bradford & Bingley’s £42bn mortgage book is likely to become publicly owned, for a while. In the end, the Treasury might fail to get its money back in full
How quickly we forget the flaws of state ownership
The wisdom of hindsight will be brought to bear with a vengeance this week on the pros and cons of demutualisation.
