Britain’s big five banks have agreed to back Bradford & Bingley’s (B&B) £258 million rights issue after the Financial Services Authority (FSA) urged them to help banks throughout the ongoing credit squeeze. It is understood that Barclays, HBOS, HSBC, Lloyds TSB and Royal Bank of Scotland, have each agreed to sub-underwrite £20 million worth of the [...]

More: FSA urges big five banks to support B&B

horrible !! awesome