B&B Could Be In For A Chunk Of Northern Rock
January 4, 2008 | Leave a Comment
Another potential bidder for Northern Rock has emerged, and it’s Bradford & Bingley. This has to be regarded as a surprise because B&B is a similar beast to Northern Rock, in that they are both building societies that have become mortgage banks. Therefore it was suspected that B&B might eventually have similar problems to those which have grounded Rock. Less than half of B&B’s cash deposits come from savers.