The meltdown in the value of British bank shares continued last week with the 24 per cent fall in the value of Bradford & Bingley (B&B) last Monday.
The shares fell after the bank announced a profit warning, a revised rights issue and an investment in the bank by the American fund, Texas Pacific Group.
Texas Pacific will avail of the weakness in the British banking industry to get its hands on a 23...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team