Bradford & Bingley

The Financial Reporting Council (FRC) has launched an investigation into the conduct of former Bradford & Bingley group finance director Chris Willford.

Northern Rock and Bradford & Bingley's 'bad bank' paid back another £1.9bn to taxpayers in the first half of the year, the Telegraph reports.

Former Bradford & Bingley group finance director Chris Willford is potentially facing a £100,000 fine from the Financial Conduct Authority (FCA) after losing in the Court of Appeal yesterday.

UK Asset Resolution (UKAR), which holds the toxic assets of former lenders Bradford & Bingley and Northern Rock, repaid £4bn to the taxpayer during 2012.

The UK's failed lenders, Northern Rock and Bradford & Bingley, today reported total profit for 2011 had surged 145% to almost £1.1bn.

UK Asset Resolution (UKAR), a company set up a year ago to manage the closed mortgage books of Bradford & Bingley and the asset management arm of Northern Rock, is to shut an office in Newcastle where about 700 people work.

Taxpayer-owned banks are set to warn their mortgage customers that they must put their mortgage repayments first, rather than renewing their digital TV subscription or buying a new phone.

The Financial Services Authority (FSA) will make public its report into the collapse of HBOS, including any details of its own regulatory failings, but will not do the same for its investigation into Bradford & Bingley (B&B).

Customers of Bradford & Bingley International will be transferred to Alliance & Leicester International on 5th August 2011 following the decision by the parent group, Santander, to drop the Bradford & Bingley name.

Bradford & Bingley (B&B) shareholders had their hopes of compensation dashed today after an independent assessor upheld his previous ruling against a payout.