B&B rescue plan under pressure as shares fall to all-time low

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B&B rescue plan under pressure as shares fall to all-time low

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07-07-2008, 11:45 PM

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B&B rescue plan under pressure as shares fall to all-time low

Bradford & Bingley (B&B) saw its shares plunge to an all-time low of 42p today, well below the bank’s rights issue price of 55p, heightening fears about its fund-raising plans. This is just another blow to the lender after credit agency, Moody’s, cut its rating from A3 to Baa1, which resulted in US private equity firm [...]

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