Banks stand firm on B&B as FSA devises third rescue plan
Staff reporters
04 Jul 2008 updated 04 Jul 2008 at 11:38 GMT
04 Jul 2008 updated 04 Jul 2008 at 11:38 GMT
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Thursday
28 August 2008
00:51 GMT
The Financial Services Authority started working on a third rescue plan to shore up Bradford & Bingley earlier this week when it started talks with banks underwriting the mortgage lender's rescue rights issue, even before buyout group TPG confirmed it would exercise its termination right to pull out of a deal to buy a stake in the company.
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