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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 company was established in 1989 and had grown to hold over £3 billion in deposits before it was purchased by Abbey National, the UK subsidiary of the Santander Group as part of the deals surrounding UK Government nationalisation of Bradford & Bingley plc, along with the UK savings business. [1]
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.
The bank, with its head office in 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom, [5] [6] was established on 11 January 2010, when Abbey National plc was combined with the savings business and branches of Bradford & Bingley plc, and renamed Santander UK plc. Alliance & Leicester plc merged into the renamed business in May 2010.
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.
For more than two decades, Madison Vaughan has built a sweet relationship with her longtime mailman, Tim, highlighting the importance of community
In November 2008 the government set up a new company, UK Financial Investments, to manage their shareholdings in Northern Rock and Bradford & Bingley. [70] On 10 March 2009 the Office of Fair Trading published their report on the impacts of public support for Northern Rock on competition in financial services. The OFT concluded that "public ...