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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.
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 .
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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 .
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.
It was established in October 2010 as a bad bank to hold the two run-off elements, Bradford & Bingley (including the Mortgage Express brand) and NRAM plc (previously known as Northern Rock Asset Management), of the two nationalised banks in the wake of the financial crisis of 2007 and 2008.
Before founding Englefield, Shorthouse was a partner at global private equity firm Warburg Pincus.From the mid-1990s, he served as co-head of Warburg's London office and made several notable deals, including a founding investment in Channel 5, the sale of mortgage broker John Charcol to Bradford and Bingley for £100m [2] and deals in Aegis, London Weekend Television and Esprit Telecom.