Is Bradford And Bingley Being Lined Up For A Takeover?
While the Bradford and Bingley bank has not been out of the news over the last few weeks there is strong speculation that it will at some point be snapped up by either a UK bank or an overseas investor. However, there are also a number of people concerned about the short to medium term health of the group and the potential for an already difficult situation to get much worse.
As the financial press has covered in detail over the last few weeks the company has not been short of potential partner or potential bidders but for a variety of reasons these inquiries have come to nothing - indeed the move by US firm Texas Pacific to take a sizeable stake was even cancelled at the last minute. So what is the real problem? Why has Bradford and Bingley been jilted at the alter so often over the last few weeks?
One issue which seems to have blocked the possible merger with Revolution Group was the apparent unwillingness of the group to open its books. This did anger many at the time and there are hopes that the directors will have learnt their lesson if another potential partner comes knocking on the door.
Share this..
Related stories
One in five university graduates are asset millionaires
16/05/2014 One in five people who have graduated from University have a net wealth of at least £1 million – taking into account property, pensions, savings and physical objects. In stark contrast, the ONS report shows that only 3% of people without a university degree have a net wealth worth of more than £1 million. Whilst the number of asset millionaires has risen by 50% over the las...
Read MoreU.K. economy hit by the big freeze
Despite the fact that other countries around the world live in subzero temperatures for many months of the year it seems yet again that the UK is nowhere near equipped to cope with the ongoing cold snap. We have news from postal services that post and parcels will be late because of the weather, local councils are running short of grit and in many places have stopped gritting roads and thousands o...
Read MoreThe hidden cost of New Year celebrations
A report out today by the Policy Exchange has cast a very different shadow over this evening's New Year celebrations with an estimate that it will cost the NHS £23 million to treat patients who have drunk too much over the next 24 hours. This is a damning indictment of the drinking culture in the UK and the underlying cost to the economy which is often hidden from view. This is further fuel to...
Read MoreAlistair Darling asks investment banks to plan for doomsday scenario
In a bizarre exercise it is believed Alistair Darling has requested that all UK investment companies should be made to plan for their future demise. This is on the back of the Lehman Bros collapse which caused significant problems in a number of investment markets with over 1.5 million positions left open. The idea is that UK banks will be asked to draw up plans in the event of their demise which...
Read MoreBoris Johnson urged to use London's growing rubbish pile
A report by the London Assembly has confirmed that London produces around 22,000,000 tonnes of waste each and every year and only 22% of this waste is being recycled. The report suggests that non-recyclable waste could be reused, without emitting gases into the atmosphere, to power 2 million homes in the capital and provide heating for 625,000 houses. When you consider this would effectively be fr...
Read More