Top News

Britain completes 5 billion pound sale of Bradford & Bingley and NRAM


(Reuters) - The British government on Friday completed the 5 billion pound ($6.96 billion) final sale of mortgage lenders Bradford & Bingley and NRAM Limited, which were nationalised in the aftermath of the 2008 financial crisis.

The sale was approved following a competitive auction process and will see B&B and NRAM, formerly Northern Rock, sold to a consortium comprising Davidson Kempner Capital Management and Citibank. (https://bit.ly/3qX7llh)

($1 = 0.7184 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shinjini Ganguli)

Did this story inform or enhance your perspective on this subject?
1 being least likely, and 10 being most likely

Recent Stories