Summary
BRADFORD & Bingley is this week set to launch a charm offensive in a bid to persuade investors to get behind its rescue package.
The UK's biggest buy-to-let lender shocked the City last week when it warned that it had run up an pounds 8m loss for the first four months of the year due to soaring default levels on its mortgage book.See the full content of this document
Extract
B&B Sets Out to Woo Investors ; in Association with Rbs
It also said it had agreed to sell a 23% stake in the company to private equity firm Texas Pacific Group (TP...
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