Struggling lender Bradford & Bingley (B&B) has been rescued by a group of UK investors after US private equity firm Texas Pacific Group (TPG) pulled out of a deal, after credit rating agency, Moody’s, downgraded the lender’s debt. This now means that B&B has the lowest credit rating out of all the major British banks [...]
More: B&B rescued by investors after TPG walk away
B&B rescued by investors after TPG walk away
