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FSA steps in to prevent collapse of B&B

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  • FSA steps in to prevent collapse of B&B

    The Financial Services Agency has stepped in following the failure of Bradford & Bingley’s (B&B) efforts to raise a £400m rescue package. Texas Pacific Group, a US private equity firm, had agreed to take a 23% stake in the lender for £179m, but announced it was walking away from the deal late last Thursday. Their [...]

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