Friday 10 February 2012 | RSS Feed

B&B in funding move

US investor Texas Pacific Group is to buy a 20% stake in Bradford & Bingley for £150 million.



2 June, 2008

It follows a profits warning by the buy-to-let lender, which announced that profits for the year would be down about £100 million.

The move comes as its chief executive, Stephen Crawshaw, resigned with immediate effect because of “a serious cardiovascular condition”.




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