Eurovision Bailout Contest

Eurovision Bailout Contest

Mapping the meltdown across the Atlantic.

Posted Monday, October 6, 2008 - 4:15pm

 

Bank: Bradford & Bingley; mortgage lender and savings bank

Head office: Bingley, United Kingdom

Assets: 50 billion pound mortgage and loan portfolio

Major action: Sept. 29: savings assets sold to Abbey National (division of Spanish bank Santander), using 14 billion pounds loaned by the Bank of England; remainder nationalized by U.K. government.

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