Alistair Darling is close to ordering the nationalisation of Bradford & Bingley as a search for a private sector buyer for the stricken lender becomes increasingly desperate.
Seven months after Northern Rock was taken over, the Chancellor has ordered officials to prepare to take a second financial institution into public ownership, although Treasury officials last night stressed no decisions had been taken.
Last ditch talks to find a buyer are set to continue through the weekend but officials did not deny that Mr Darling was considering using new powers to nationalise banks passed after the run on Northern Rock.
more ...
------------------------
Check out the rest of this blog here.
Saturday 27 September 2008
blog comments powered by Disqus
Subscribe to:
Post Comments (Atom)
