UK Tax payers own another bank

Monday, September 29th, 2008

Bradford & Bingley, Lehman… who’s next? Troubled high street bank Bradford & Bingley has been nationalised. An announcement is expected to the effect that B&B – the latest global credit crunch casualty – will be sold almost immediately to another bank chain or a consortium of leading banks. Prospective buyers for the ...

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Credit Crunch Hits UK Banks

Tuesday, August 5th, 2008

It’s been reported recently that the HSBC banking group has experienced a 28% drop in profits so far in this trading year, which, as one of the country’s top four banks, is an indicator that the credit crunch is biting hard. Their profit on the first half of the year ...

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