Cowdery walks away from Bradford & Bingley

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Cowdery walks away from Bradford & Bingley

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06-29-2008, 05:10 PM

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Cowdery walks away from Bradford & Bingley

Financier Clive Cowdery, who runs Resolution investment group, has walked away from Bradford & Bingley (B&B) after he planned to pump £400 million into the troubled UK lender.Following the news, shares in B&B plummeted 19% to an all-time low of 64½p on Friday.Mr Cowdery, who is believed to be worth £130 million, built up a [...]

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