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Bradford & Bingley are they going bust (BB)     

mitzy - 13 Feb 2008 21:40

Top faller in the Banking sector today with a 25% fall are they about to go bust as the housing market stalls .. are they another Northern Rock failure about to blow.

mitzy - 24 Sep 2008 16:00 - 66 of 132

Its a sorry state that when I started this thread BB was trading at 250p and now look at them..23p.

scotinvestor - 24 Sep 2008 16:13 - 67 of 132

another dopey lot from yorkshire......bradford, halifax

dealerdear - 24 Sep 2008 16:25 - 68 of 132

At least we have a bank.

seem to remember you were careless enough to lose yours last week ...


;-)

scotinvestor - 24 Sep 2008 17:16 - 69 of 132

it was halifax that brought it down u dimwit!!!! bank of scotland was fine until halifax guys tok over.....none have knowledge oif banking. wake up and have some knowledge on matter before making flippant comments.
oh.....and what u going to do about pensions....and currency

ah, i forgot u r a dealer.....not really interested in structure of a country......probably one of the many apethetic people in this woeful country these days......no wonder more and more brits r leaving

scotinvestor - 24 Sep 2008 17:18 - 70 of 132

and it was nothing to do with being careless.....it was idiots in city making up false rumours (as usual) about hbos lending capability. hbos is highly profitable company....more than 5 billion profit in last statement.

your comments make u out to be a moron, dealer

scotinvestor - 24 Sep 2008 17:19 - 71 of 132

thats like saying......at least scotland has scottish people in its football team.......whereas england has africans or wherever they come from

mitzy - 25 Sep 2008 08:36 - 72 of 132

Just say NO..

Clubman3509 - 25 Sep 2008 09:42 - 73 of 132

10% down again this morning BB could soon be HMG.BB

mitzy - 25 Sep 2008 12:58 - 74 of 132

Sub 20p tomorow maybe.

Clubman3509 - 25 Sep 2008 13:06 - 75 of 132

Could be at that today

hlyeo98 - 25 Sep 2008 14:50 - 76 of 132


B&B has been hit by rocketing numbers of customers defaulting on their mortgages or falling behind on interest payments. It specialises in lending to buy-to-let landlords and to higher-risk "self-certified" borrowers, people who have not had to provide proof on income to qualify for loans.

Richard Pym, the new chief executive parachuted in last month to try to save the bank, said, "The changes we have announced today focus the business as a strong savings bank, reduce the size of our lending activities and increase our capacity in arrears collection."

B&B shares slumped 8 per cent to 23p, far below the 55p a share price at which the bank raised emergency capital in the summer. B&B said it remained strongly capitalised.

The bank also warned staff that it planned to cut the size of the head office workforce in Yorkshire at a later date. The Borehamwood processing centre will close in the first quarter of 2009.

The Financial Services Authority has become increasingly concerned about B&B and its heavy dependence on the paralysed wholesale markets for much of its funding.

Clubman3509 - 25 Sep 2008 15:06 - 77 of 132

Down 13% now something is going to happen soon

Clubman3509 - 25 Sep 2008 15:32 - 78 of 132


Good job the short sellers are locked out otherwise I feel sure they would have pounded BB and it would have been the end.

skinny - 25 Sep 2008 15:46 - 79 of 132

370 jobs to go

Clubman3509 - 25 Sep 2008 15:48 - 80 of 132

For starters

dealerdear - 25 Sep 2008 15:49 - 81 of 132

I've heard the CEO is working the till, then stays behind and cleans.

Clubman3509 - 25 Sep 2008 16:01 - 82 of 132

Maybe retribution for the Asian invasion in Bradford during the 70s & 80s and 90s

dealerdear - 25 Sep 2008 16:02 - 83 of 132

lol

hlyeo98 - 25 Sep 2008 19:39 - 84 of 132

Chart.aspx?Provider=EODIntra&Code=BB.&Si

stroreysj - 26 Sep 2008 07:27 - 85 of 132

am i the only buyer out there ? Im either going to be crying in my soup in the poor house or laughing in my Ferrari if this ever sorts itself as will be paying more in capital gains tax on the dividend than i used to earn in the city. Anyway have my limit orders to buy even more if it gets pummeled to the 15p area. Off to the first night F1 Grand prix practice session as likley to be far less stressful
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