Bradford and Bingley Nationalised

September 28, 2008 by admin 

Bradford and Bingley Nationalised by the government to save another collapse in the Banking sector tomorrow when the markets open. Bradford and Bingley is the second bank to be nationalised this year after Northern Rock.

How it will work is the loan book will be nationalised while the rest of the bank will be transferred to Santander, the owners of Abbey National.

Filed under: Banks