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Bradford and Bingley Collapse

WoodySenior · 2019-05-01 15:21:54

I paid into savings accounts for all three of my children and converted them to shares when they changed. When they went down can anyone tell me what happened to the assets as not a penny was paid back to the ordinary shareholders? This has irritated me for so long! I could never get an answer at the time from any source…

Comments

talexuser Posts: 3,553 Forumite

10 May 2019 at 12:15PM

Reed_Richards wrote: »

Are we talking about the OP or the managers of Bradford and Bingley (and many other financial institutions at that time)?

A very good point, but the managers were being paid a lot more to be prudent, sensible, and not follow the herd.

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