Hints and tips:
...Most peculiar is the work of the first speaker of the Newfoundland House of Assembly, John Bingley Garland, on show at Lowell Libson & Jonny Yarker....
...Bradford & Bingley had been on the UK balance sheet since its 2008 implosion....
...He added that any sale would also have to wait for RBS to complete the long-delayed disposal of Williams & Glyn, which it has to divest as a condition of European state aid rules....
...The bank is already facing problems with offloading Williams & Glyn, the retail and commercial lender with 300 branches....
...Darcy’s main friend is Mr Bingley. Beyond Wentworth Woodhouse is Bramham Park, seat of my ancestors. Their family title was Bingley but nobody ever claims Austen went to tea there....
...Sale prospects may be damped by other assets on the market, such as the £16bn Bradford & Bingley loan book put up for sale by the government at the end of last year....
...He is also looking to sell £16bn of mortgages issued by the defunct lender Bradford & Bingley....
...Mark Garnier, Conservative MP, told the FT that the slump in bank shares means “any major share sale — including [RBS’s retail business] Williams & Glyn — is a non-starter with this uncertainty.”...
...When Santander — which bought Abbey National, Alliance & Leicester and Bradford & Bingley brands over the four years to 2008 — decided to rename the lot, the logic was solid enough....
...RBS is also under pressure to carve out Williams & Glyn as a new “challenger” bank as a condition of receiving state aid through the crisis, for which the bank has already committed £1bn....
...Santander, for example, pulled out of buying Williams & Glyn's, the bank being carved out of Royal Bank of Scotland, because the cost of systems migration snowballed....
...In addition, he said a Conservative government would sell £13bn of mortgage assets from Northern Rock and Bradford & Bingley....
...Spanish-owned Santander UK bought Alliance & Leicester and parts of Bradford & Bingley, while Virgin Money acquired the non-toxic parts of nationalised Northern Rock....
...Between 2008 and 2009, HBOS, Alliance & Leicester, Bradford & Bingley and Northern Rock all left the stock market, through nationalisations or takeovers by rivals....
...The writer is a novelist and commentator ——————————————- Letter in response to this article: Sometimes a good word is in order / From Mr William Keegan...
...We’ll have paid off the debts incurred in the South Sea Bubble, the First World War, the debt issued by Henry Pelham, George Goschen and William Gladstone....
...William Stone, Its founder and chief executive, has expanded the listed company through a string of small and medium sized acquisitions. In the past 17 years, it has taken over 31 smaller rivals....
...“This direct play by Google is smart,” said Jed Williams, analyst with BIA/Kelsey. “Personalisation will continue to intensify as a differentiator” in the daily deals market....
...Sir Martin returned the compliment, in his way, saying that the Vice squad were a “very good group”, who he met through old collaborators Ari Emanuel, of the William Morris talent agency, and Tom Freston...
...Hundreds of bank branches are likely to be rebranded as TSB or Williams & Glyn and sold....
...Bradford & Bingley (B&B) was nationalised and Halifax Bank of Scotland taken over by Lloyds to prevent its failure....
...One analyst believed the current climate would make it difficult to attract institutional investors to a business that could be repackaged under RBS’s defunct Williams & Glyn’s brand....
...While Bradford & Bingley and Halifax Bank of Scotland, rescued by the taxpayer, employ almost 10,000 in the region, the sector remains diverse, with more than 30 banks in Leeds alone....
...For once, we’re almost lost for words… As one cynical hedge fund hand observed: “If outfits like Bradford & Bingley go down, even after shorting has been banned, who will they blame then? Beelzebub?”...
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