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B&B slumps to a loss as arrears surge

                   
ft.com
29-Aug-2008
        
Story Timeline:  95 days

By Jane Croft and Lina Saigol in London Worried savers withdrew £800m from Bradford & Bingley in June and July at the height of controversy over its £400m rights issue, the bank said on Friday as it announced a £26.7m first half loss. B&B’s capital raising was restructured twice – once after a shock profit warning and the second time after TPG, the private equity group, pulled out following a ratings downgrade... [read full story]                    

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Latest article on this story:

Troubled B&B's warning: 'Things can only get worse'

 scotsman.com 29-Aug-2008
First article on this story:

B&B crashes £26.7m in red

 manchestereveningnews.co.uk 28-Aug-2008
Selected publications with coverage of this story:
gazettelive.co.uk jpress.co.uk financemarkets.co.uk icnetwork.co.uk sky.com manchestereveningnews.co.uk ft.com scotsman.com 4ni.co.uk msn.com
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Troubled B&B's warning: 'Things can only get worse'

scotsman.com
29-Aug-2008
        

Published Date: 30 August 2008 By Martin Flanagan City Editor EMBATTLED mortgage lender Bradford & Bingley yesterday starkly warned of a further surge in arrears and repossessions this year as it slumped £26.7 million...

                   

Home arrears for B&B

icnetwork.co.uk
29-Aug-2008
        

Aug 30 2008 Western Mail MORTGAGE lender Bradford & Bingley yesterday warned of a further surge in arrears and repossessions this year as it slumped to first-half losses. The buy-to-let specialist said it would rein in...

                   

£26.7m loss as B&B crashes into red

jpress.co.uk
29-Aug-2008
        

Beleaguered lender Bradford & Bingley said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts. The buy-to-let specialist made pre-tax losses of £26.7 million, compared...

                   

B and B Reports Massive Pre-Tax Losses

4ni.co.uk
29-Aug-2008
        

UK buy-to-let specialist Bradford and Bingley has reported massive pre-tax losses for the first half of this year.The company posted a loss of _26.7 million compared to a pre-tax profit of _180.4 million in the same period...

                   

B&B posts £26.7m loss as arrears soar

financemarkets.co.uk
29-Aug-2008
        

The UK’s biggest buy-to-let lender, Bradford & Bingley (B&B), has posted a loss of £26.7 million for the six months to the end of June. The result compares with a pre-tax profit of £180.4 million in the same period of...

                   

£26.7m loss as B&B crashes into red

gazettelive.co.uk
29-Aug-2008
        

Beleaguered lender Bradford & Bingley said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts. The buy-to-let specialist made pre-tax losses of £26.7 million, compared...

                   

UK & World News: £26.7m loss as B&B crashes into red

icnetwork.co.uk
29-Aug-2008
        

Beleaguered lender Bradford & Bingley said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts. The buy-to-let specialist made pre-tax losses of £26.7 million, compared...

                   

£26.7m loss as B&B crashes into red

icnetwork.co.uk
29-Aug-2008
        

Beleaguered lender Bradford & Bingley said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts. The buy-to-let specialist made pre-tax losses of £26.7 million, compared...

                   
manchestereveningnews.co.uk: manchestereveningnews.co.uk

B&B crashes £26.7m in red

manchestereveningnews.co.uk
28-Aug-2008
        

BELEAGUERED lender Bradford & Bingley today said it crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts. The buy-to-let specialist made pre-tax losses of £26.7m, compared with...