Credit Cards
There's never been a better time to shop around for the best credit card deal. Many offer interest free (subject to terms)
Loans
With fears of the effects of recession, you need to get the right loan for you. Check out some great low interest rate offers
Shares
With extreme volatility in share prices, check out our share buying guide for information about buying, selling and dealing in shares
Insurance
We've got some great insurance deals to slash the cost of your next insurance renewal - get advice and a free quote
Partner Sites
| HOME |
| Shares |
| Alliance & Leicester |
| Standard Life |
| Co Op Brittania |
| Bradford & Bingley |
| Share Buying Guide |
| Banks & B Socs |
| Deposit Accounts |
| ISA's |
| Credit Cards |
| Credit Card Rewards |
| Egg Card |
| Loans/Mortgages |
| Loans Direct 2 U |
| Loans |
| Student Loans |
| Exit Fees |
| Equitable Life |
| Sell Endowment Policies |
| Travel |
| Travel Insurance |
| Travel Money |
| Insurance |
| Young Driver Insurance |
| Cheaper Car Insurance |
| Broadband |
| Debt |
| Bill Consolidation |
| Debt Advice |
| Aviva Windfalls |
| 2009 Tips |
| Switch Utilities |
| News |
| DIRECTORY |
| LINKS |
Information on this web site is not intended to be advice. You should consult an IFA or other qualified adviser who will help you to make the best decisions based on your circumstances. |
Bradford & Bingley Shares Crisis
A suprise first quarter loss in 2008 prompted fears of a Northern Rock style collapse at Bradford & Bingley the former building society. Weakness in the buy to let market is a factor in the losses as the so-called credit-crunch has started to bite. On 2nd June shares fell by almost 25% to around 67p - around about one fourth of the original launch price in 2000. Beleagured investors left facing the question "should I sell my Bradford & Bingley shares?" were in a dilemna.
Chancellor Darling maintained that investors and dsepositors should sit tight, and that a repeat of Northern Rock was unlikely.
However, with the worsening situation, at the end of September 08, the Chancellor announced a rescue package. This involved selling much of the business off cheap to Santander, the Spanish group that already owns Abbey and Alliance & Leicester. The result being that Bradford & Bingley's banking business (branches, telephone business and internet business) could carry on as normal. Customers have been able to continue to operate their bank accounts just like before. It may be that some customers will look to switch bank accounts or to have accounts at several different banks.
The Bradford & Bingley mortgage business and the headquarters were taken into public ownership or "nationalised"
For those wishing to sell shares, Halifax and TD Waterhouse offer excellent online share dealing prices and cheapest prices.