B&B International moves to reassure customers

While parent Bradford & Bingley's liabilities have been taken on by the British Government, the Spanish banking giant Santander agreed on 29 September to take on the group’s savings business, which includes B&B International, based in the Isle of Man. While the deal has not yet been finalised, B&B International said it wanted to give its customers “positive news in the middle of what are difficult times, and provide reassurance”. Managing director John Pearson wrote to customers: “This has been a big change over a relatively short period of time and I am pleased to say that the changes on...