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Bradford & Bingley plc was a British bank with headquarters in the West Yorkshire town of Bingley.. The bank was formed in December 2000 by demutualisation of the Bradford & Bingley Building Society following a vote of the building society's members, who swapped their nominal share of the building society for at least 250 shares of the newly formed bank.
The Black Horse name was dropped by Bradford and Bingley in 1999. [11] In 2007, Countrywide was 100% acquired by Apollo Management for a sum over £1bn, [12] and de-listed from the London Stock Exchange. Following debt restructuring, the owners included Apollo Management, Oaktree Capital Management and Alchemy Partners. [13]
Bradford Equitable Building Society was an English building society, which merged with the Bingley Building Society in 1964 to form the Bradford & Bingley Building Society. Bradford & Bingley fell victim to the financial crisis of 2007–2010 and is now part of Santander UK , while its mortgage book is owned by UK Financial Investments Limited .
Bingley Building Society was a UK building society, which merged with the Bradford Equitable Building Society in 1964 to form the Bradford & Bingley Building Society. Bradford & Bingley fell victim to the financial crisis of 2007–2010 and is now part of Santander UK , while its mortgage book is owned by UK Financial Investments Limited .
In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. [1] Prior to the takeover, Abbey National plc was a constituent of the FTSE 100 Index .
On 26 February 2021, UKAR announced the sale of its final assets from Bradford & Bingley and Northern Rock at a price of £5 billion to a consortium of Citibank and Davidson Kempner Capital Management LP. This transaction consisted of two steps: UKAR sold the remaining loan portfolio to Citibank and Davidson acquired the government’s equity ...
Bradford & Bingley International (BBI) was the international banking subsidiary of Bradford & Bingley, which was itself acquired by the Santander Group in 2008.. On 5 August 2011, the business of BBI was transferred to Alliance & Leicester International (ALIL), also a subsidiary of Santander, ahead of the expiry of a trademark licence on the Bradford & Bingley name and image.
When Bradford & Bingley and Northern Rock were merged in October 2010 he was made Chief Executive of the merged entity. [ 12 ] In 2013 he was revealed as one of the top paid government employees, earning £815,000 – four times as much as the Prime Minister , having had a 27 percent pay rise that year.