Bradford & Bingley
Bradford & Bingley plc is a British bank with headquarters in the West Yorkshire town of Bingley. In 2008, partly due to the credit crunch, the bank was nationalised and in effect split into two parts; the mortgage book remained with the now publicly owned Bradford & Bingley plc, and the deposits and branch network (and a licence to use the B&B name for those aspects) was sold to Abbey National, itself owned by the Spanish Santander Group. Since 11 January 2010 the branch network has been rebranded Santander and the Bradford & Bingley name now solely relates to the nationalised section of the bank.
The bank was formed in December 2000 by demutualisation of the Bradford & Bingley Building Society following a vote of the building society's members, who swapped their nominal share of the building society for at least 250 shares of the newly formed bank.
Read more about Bradford & Bingley: History, Mortgage Express, Sponsorship, Trademarks
Famous quotes containing the word bradford:
“I feel all dead inside. Im backed up in a dark corner and I dont know whos hitting me!”
—Jay Dratler, U.S. screenwriter, Bernard Schoenfeld, and Henry Hathaway. Bradford Galt (Mark Stevens)