Summary
Part-nationalised Bradford & Bingley is set to divide its pounds 50 billion balance sheet into good and bad assets in an effort to speed up the repayment of an pounds 18.4 billion loan.
Echoing steps being taken by Northern Rock, B&B is looking to identify the attractive assets that it can sell to private buyers, according to reports. The bank was closed to new business last September and its mortgage book nationalised with an pounds 18.4 billion loan from the Financial Services Compensation Scheme (FSCS).See the full content of this document
Extract
B&B Bid to Pay Off Pounds 18.4bn Loan
The Government paid the FSCS fe...
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