Bradford and Bingley....The start of stability ?

bristolleedsfan

Andrew64 wrote: »

This news about the reduction in the purchase of US mortgage debt did nothing for the share price, which closed at 25p. The downgrades by the rating agencies will have more impact.

http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=315285


+ Bank run in HK. http://www.ft.com/cms/s/0/92281bda-8a3b-11dd-a76a-0000779fd18c.html?nclick_check=1

Stavros_3

I Have 35k with the B & B, are our resident experts recommending us take your money elsewhere, will be interesting to see who puts their head above the parapet :rotfl:

freddysmith

I've just topped up my B&B Internet saver account with another £500 today.
No problem here i'm still walking around the trenches with my tin helmet on. :rotfl:

tessie_bear

i hope b and b are on the up they have got all my money

fatpig_2

No problems. it's only B+B shareholders that have to worry and not savers with them.

Why anyone with B&B shares didn't sell yonks ago is beyond me

Masomnia

Savers should worry. Not in an is-my-money-safe kind of way, but in a competition kind of way.

B & B are providing some of the highest rates going at the moment, especially for a British bank, and if they're swallowed up by one or more of the current big banks then that's unlikely to last.

All you doomsayers may think it's ok to scaremonger since savers won't lose out, but it's not. How do Lloyds TSB's rates compare to B & B's?

Andrew64

fatpig wrote: »

Why anyone with B&B shares didn't sell yonks ago is beyond me

I sold out at 2.90 per share a year ago when I realised that B&B had the same business model as NR!

I can't imagine who the current shareholders are!

SouthCoast

At 31/12/2007 it had 917,405 shareholders with a holding currently worth less than £125.

http://www.bbg.co.uk/bbg/ir/shareinfo/sharestructure/

pizzagirl

Masomnia wrote: »

Savers should worry. Not in an is-my-money-safe kind of way, but in a competition kind of way.

B & B are providing some of the highest rates going at the moment, especially for a British bank, and if they're swallowed up by one or more of the current big banks then that's unlikely to last.

All you doomsayers may think it's ok to scaremonger since savers won't lose out, but it's not. How do Lloyds TSB's rates compare to B & B's?

As soon as that happens you move your money to an account which pays a higher interest rate as you'd normally do anyway. So what's the problem?

Masomnia

The problem is that the higher rates are being paid by smaller banks eg. Kaupthing and B & B, Icesave and so on, and as they get taken over all we are left with are the big banks who have no need to pay good rates. It's bad for competition, is what I'm saying.

I don't just mean specifically B & B but all these smaller institutions that keep the market competitive.