The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.
Names in the frame include Spanish banking group Santander, Dutch group ING and National Australia Bank, the paper reports. It says the FSA is attempting to reignite interest in the deal after the market turmoil of the last week. Bradford & Bingley, which is heavily invested in the buy-to-let market, has suffered more than most during tough market conditions with net losses of £17.2m in the first half of 2008. It also revealed earlier in August that its shareholders had agreed to buy just under 28pc of a rights issue aimed at raising £400m. Bradford & Bingley shares are currently up 2...
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