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UK Asset Resolution (UKAR), a company set up a year ago to manage the closed mortgage books of Bradford & Bingley and the asset management arm of Northern Rock, is to shut an office in Newcastle where about 700 people work.
Taxpayer-owned banks are set to warn their mortgage customers that they must put their mortgage repayments first, rather than renewing their digital TV subscription or buying a new phone.
The Financial Services Authority (FSA) will make public its report into the collapse of HBOS, including any details of its own regulatory failings, but will not do the same for its investigation into Bradford & Bingley (B&B).
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Customers of Bradford & Bingley International will be transferred to Alliance & Leicester International on 5th August 2011 following the decision by the parent group, Santander, to drop the Bradford & Bingley name.
Bradford & Bingley (B&B) shareholders had their hopes of compensation dashed today after an independent assessor upheld his previous ruling against a payout.
The FSA may keep the outcome of investigations into HBOS and Bradford & Bingley secret unless it finds wrongdoing.
Northern Rock's "bad bank" has been merged with Bradford & Bingley(B&B)in a single holding company to try to improve taxpayer returns.
Bradford & Bingley (B&B) has returned to the black after reporting a loss last year.
Former shareholders of Bradford & Bingley (B&B) should not get any compensation after the troubled lender was divided and sold, an independent valuer says.
Spanish banking giant Santander was suspicious of Bernard Madoff's activities as far back as 2006, internal documents show.
Prime Minister Gordon Brown is expected to announce a manifesto in Birmingham today which includes plans to remutualise Northern Rock.
Chancellor Alistair Darling has announced the Government will integrate Northern Rock Asset Management (NRAM) and Bradford & Bingley (B&B).
Financial services loses more to fraud each year than any other private sector industry in the UK, according to the National Fraud Authority (NFA).
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