British government restarts sale of Bradford & Bingley loans
The British government has resumed the sale of a failed bank's 15.65 billion pound mortgage portfolio after it was delayed in the aftermath of the country's vote to leave the European Union, sources familiar with the sale said on Tuesday.
UK Asset Resolution, which is selling off the Bradford & Bingley loans, is planning to send out non-disclosure agreements to prospective bidders this week, the sources said.This comes after the government put on hold plans to sell stakes in bailed-out banks Royal Bank of Scotland (RBS.L), Lloyds Banking Group (LLOY.L) and the Bradford & Bingley... read more
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