The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.
Organised mortgage fraudsters cost troubled mortgage lender Bradford and Bingley (B&B) £18m in the first six months of the year, contributing to a £26.7m loss for the bank.
Troubled lender Bradford & Bingley has joined housebuilder Taylor Wimpey in the 90% club - companies whose shares are now worth just 10% of their peak value over the last three years, research shows.
Shareholders in beleaguered lender Bradford & Bingley snapped up just 27.84% of its £400m rights issue, leaving underwriters with more than £288m of unsubscribed stock.
Bradford & Bingley shareholders have approved the beleaguered bank's £400m rights issue.
Bradford & Bingley shares are currently trading at a 38% discount to its 55p rights issue price after another disastrous morning trading session.
Bradford & Bingley has been forced to tap up its largest shareholders for additional capital after US private equity firm TPG dropped plans to inject £179m in the ailing lender.
Bradford & Bingley shares have plummeted nearly 20% on news Resolution Limited has walked away from a potential rescue package.
The UK Shareholders Association (UKSA) has weighed into the Bradford & Bingley restructure debate, calling on the lender to open its books for Resolution Limited.
The Association of British Insurers (ABI) today cast new doubt on Texas Pacific Group's (TPG) proposed rescue package for Bradford & Bingley, saying the deal "involves breaches of sound governance".