Table of Contents
- 1 What happened to Bradford and Bingley savings accounts?
- 2 Do Bradford and Bingley shares still exist?
- 3 What happened to old Alliance and Leicester accounts?
- 4 Who owns Bradford and Bingley now?
- 5 Why did Bradford and Bingley fail?
- 6 Is Northern Rock now Virgin Money?
- 7 Is MyLostAccount UK legit?
- 8 Has Mortgage Express been sold?
- 9 Where did the money go from Bradford and Bingley?
- 10 What is the postcode for Bradford and Bingley?
What happened to Bradford and Bingley savings accounts?
Bradford & Bingley and Mortgage Express no longer sell any new savings, insurance or investment products. All Bradford & Bingley savings accounts were transferred to Abbey (now Santander) in September 2008.
Investors’ shares were wiped out when the lending arm of B&B passed into public ownership in September 2008 and the savings arm was sold off to Spanish banking giant Santander. The bank was driven under by the credit crunch as homeowners struggled to repay loans.
What happened to Northern Rock savings accounts?
What has happened? Virgin Money has bought Northern Rock from the government for £747m in cash – this will see its customers and branches transfer to the Virgin Money brand.
What happened to old Alliance and Leicester accounts?
It was fully integrated and rebranded as Santander by the end of 2011. The bank’s international subsidiary based in Douglas, Isle of Man, Alliance & Leicester International, continued to use the name Alliance & Leicester, until it was fully merged into Santander UK in May 2013.
Who owns Bradford and Bingley now?
Government of the United Kingdom
UK Asset ResolutionUK Financial InvestmentsHer Majesty’s Government
Bradford & Bingley/Parent organizations
Who is Mortgage Express owned by?
Since October 2010, we have been managed as part of UKAR (UK Asset Resolution Limited), a holding company that was established by the government to manage the publicly owned mortgages of Bradford & Bingley and Mortgage Express, together with those of NRAM.
Why did Bradford and Bingley fail?
It attempted to sell a 23pc stake to a private equity firm, which pulled out of the deal, though it did receive £400m funding in a rights issue. In September, lending costs soared after Lehman went bankrupt, causing shares in Bradford & Bingley to plummet on concerns over its funding costs.
Is Northern Rock now Virgin Money?
Virgin Money is a banking and financial services brand operating in the United Kingdom. Virgin bought Northern Rock in January 2012 and rebranded the business as Virgin Money.
Who bought Alliance Leicester?
Santander
Alliance & Leicester has agreed to be taken over by Spanish banking giant Santander for £1.3bn, raising the possibility of job cuts in the UK. Just hours after A&L admitted that it was in “advanced” takeover talks with an unnamed suitor, Santander announced that a deal had been struck.
Is MyLostAccount UK legit?
MyLostAccount is run by the British Banker’s Association, Building Societies Association and National Savings and Investments (NS&I). It will give Britons the opportunity to search all banks, building societies and government-backed accounts free of charge.
Has Mortgage Express been sold?
UK Asset Resolution (UKAR) has today confirmed the sale of two separate Bradford & Bingley asset portfolios comprising performing Buy to Let loans for a total of £11.8 billion to Prudential plc and to funds managed by Blackstone.
What can I do with Bradford and Bingley savings account?
Bradford and Bingley Savings Accounts now offer savers a great range of Internet account such as eSaver, fixed rate bonds and much more . Compare accounts now! Bradford And Bingley Savings Accounts Compare eSavings Accounts Bradford And Bingley Key Facts Fantastic variable rates of interest (AER) Get easy access to your money
Where did the money go from Bradford and Bingley?
I think there is around £850 owing as the shares were sold at some point by the Registrars, presumably when the B&B merged with someone. Note the sale happened way before the B&B shareholders lost their shirts.
What is the postcode for Bradford and Bingley?
The P.O. Box number we have is 1169, which is different to the one provided by antrobus, don’t think it makes a lot of difference. The postcode is BS99 2PJ…_
Where are the registrars for Bradford and Bingley?
But this article here states that registrars were Computershare Investor Services, PO Box 1913, The Pavilions, Bridgwater Road, Bristol, BS99 2PR. They should know.