Bradford & Bingley

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

The Bradford & Bingley Shareholders Action Group has hit out at the government's offer to exchange two perpetual subordinated bonds in the nationalised bank for a 3p premium to the current market value.

Former shareholders of Bradford & Bingley should not get any compensation after the troubled lender was divided and sold, an independent valuer says.

Santander, Spain's biggest bank, is the sole remaining bidder for the 318 Williams & Glynn branches being offloaded by Royal Bank of Scotland.

Bradford & Bingley has passed its £400m multi-manager mandate to L&G as it ends its contract with Axa...