UK government nationalizes Bradford & Bingley (AP)

Posted by | Personal Finance | Monday 6 October 2008 12:36 am

AP - The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank’s 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis spread across Europe.

Source:UK government nationalizes Bradford & Bingley
(AP)

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