B&B, Northern Rock To Merge Bad Banks

25 Jan 2010

The European Union reportedly will approve plans to merge the toxic assets of Bradford & Bingley and Northern Rock into a single so-called bad bank.

The European Union reportedly will approve plans to merge the toxic assets of Bradford & Bingley and Northern Rock into a single so-called bad bank. The U.K. government would hold the buy-to-let mortgage book of B&B as well as the bad loans from Northern Rock. B&B and Northern ...

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