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Bradford & Bingley

March 2017

  • Bradford & Bingley

    Government raises £11.8bn with Bradford & Bingley mortgage sale

    Philip Hammond says sale of loans bought by the taxpayer during the financial crisis represents value for money

February 2017

  • Patrick Collinson

    The Co-op Bank is the new Bradford & Bingley

    Patrick Collinson
    The proposed sale means the prospect of an independent, ethically based challenger bank to the major high street player is dead

May 2016

  • Northern Rock

    UK Asset Resolution deal triggers bonuses for 2,000 employees

    Outgoing boss Richard Banks will benefit to the tune of £211,750 after agreement to sell off mortgage processing operation

March 2016

  • The sun sets behind the Tata steel works in Port Talbot

    Datablog
    Bank bailout v Tata bailout – how the costs compare

    It is less than a decade since the UK spent billions of pounds bailing out the banks. So how much would it cost to bailout Tata Steel?

January 2016

  • A Bradford & Bingley branch

    Government preparing to sell £17bn of Bradford & Bingley mortgages

    Thousands of customers could be affected by move eight years after B&B was rescued by taxpayers during 2008 banking crisis

November 2015

  • The Northern Rock deal is claimed to represent value for money to UK taxpayers.

    Northern Rock mortgages worth £13bn sold to US private equity firm

    UK Asset Resolution deal with Cerberus Capital Management is the largest financial asset sale by a European government

March 2015

  • Lloyds Banking Group; £9bn of shares could be sold by the government in the next 12 months

    Banks hit hardest in revenue-raising budget

    But business leaders welcome measures to help oil and gas industries and further cuts to corporation tax

February 2015

  • A Santander branch in Salford, Greater Manchester

    Santander prepares for £45m compensation payout

    UK arm of Spanish bank includes amount in list of provisions, following its fine for giving unsuitable investment advice to customers

January 2015

  • Mervyn King

    Nils Pratley on finance
    Diary of a shambles: Bank of England’s struggle with financial crisis

    Minutes show that Bank’s court failed to challenge officials’ thinking over how to handle system during crisis

October 2014

  • Richard Banks

    Government-owned ‘bad bank’ UKAR pays back another £1.6bn

  • The Bradford & Bingley building society

    JP Morgan leads purchase of £2.7bn mortgage bundle from UK banks

July 2014

  • Bradford & Bingley branch during the 2008 financial crisis

    Former Bradford & Bingley FD fined again over botched rights issue

    Chris Willford failed to tell his fellow board members of the bank's worsening finances in time for the 2008 rights issue

June 2014

  • UK Asset Resolution boss Richard Banks

    Government-owned 'bad bank' UKAR issues mortgage arrears warning

    Interest rate rise to 1.5% would hit 22,000 customers, says body managing mortgage books of Northern Rock and Bradford & Bingley

December 2013

  • Hands holding bars of a prison cell

    Business leader
    Financial offenders must be named if bank reforms are going to work

  • Bradford & Bingley

    Former Bradford & Bingley finance director fined £30,000 by the FCA

November 2013

  • Richard Banks, chief executive at UKAR

    Government-owned bad bank UK Asset Resolution repays £8bn of funding

    UKAR – which united parts of Northern Rock and Bradford & Bingley – channels payments made by mortgage customers

August 2013

  • UKAR's chief executive Richard Banks

    UKAR makes £529m pre-tax profits and repays taxpayers £1.3bn

    Bank bringing together Northern Rock and Bradford & Bingley is repaying a further £42.1bn as customers pay back mortgages

July 2012

  • Northern Rock Virgin Money

    Taxpayer gets extra £538m as Virgin buys more Northern Rock mortgages

  • Patrick Collinson

    On reflection
    Co-op Bank: it's time to go back to the mutuals

    Patrick Collinson

March 2012

  • Northern Rock

    UK 'bad' bank boss takes 5% pay cut

    UK Asset Resolution, which oversees Bradford & Bingley and the rump of Northern Rock, says chairman Richard Pym has offered to reduce his fees
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