Citi, UBS did not desert B&B, TPG sale was a fait accompli

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Citi, UBS did not desert B&B, TPG sale was a fait accompli

EuroWeek can reveal the behind-the-scenes manoeuvres that led to the unprecedented repricing of UK mortgage lender Bradford & Bingley’s £258m rights issue and the sale of 23% of the bank to US private equity firm Texas Pacific Group for £179m.

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