The information on this page comes from the UK Activity Report.
Click here for further details

Bradford & Bingley Bradford & Bingley is planning to expand the workforce in its mortgage arrears division from 200 to 400 next year, with many of the staff transferring from other departments. 21-Nov-2008 Bradford & Bingley is to be nationalised with the government acquiring its £50bn mortgages and loans, while its £20bn savings business and branches will be acquired by Santander of Spain. 30-Sep-2008 Bradford & Bingley is to close its mortgage processing centre at Borehamwood next year, with the loss of 300 jobs, and a further 50 mortgage jobs will be cut in its branches. 26-Sep-2008 Bradford & Bingley is planning to sell its Charcol mortgage broking business to a management buy-out backed by Advantage Capital for under £10m. 22-Nov-2004 Bradford & Bingley is forming a joint venture with Legal & General to offer investment and protection plans, which will involve the transfer of 200 branch-based B&B staff to L&G. 02-Nov-2004 Bradford & Bingley has sold its estate agency chain to Countrywide for £44m. 18-Oct-2004 Bradford & Bingley has selected Countrywide Assured as preferred bidder for its estate agency and chartered surveying operations. 09-Sep-2004 Bradford & Bingley is to sell Charcol Aitchison & Colegrave and Charcol Holden Meehan, which have aggregate net assets of about £5.6m, to John Scott & Partners of Marlow. 18-Aug-2004 Bradford & Bingley has announced plans to shed a further 450 management and administration jobs. 28-Jun-2004 Bradford & Bingley is looking to sell its Charcol mortgage broking operation, as well as its 300-strong chain of estate agents, its SecureMove surveying business and two independent financial advisers. 20-May-2004 Bradford & Bingley has acquired a £106m loan portfolio from the GMAC subsidiary of General Motors, as part of a strategy to expand its mortgage business. 03-Nov-2003 Bradford & Bingley is to acquire Douglas Duff, the commercial surveying firm, for undisclosed terms. 06-Oct-2003 Bradford & Bingley is to acquire Aitchison & Colegrave, the Scottish firm of independent financial advisers with four offices, for undisclosed terms. 23-Sep-2003 Bradford & Bingley is said to be in talks to acquire the Swinton chain of high-street insurance brokers. 08-Sep-2003 Bradford & Bingley is to acquire Holden Meehan, the independent financial adviser, for undisclosed terms. 30-Apr-2003 Bradford & Bingley has acquired a £470m mortgage portfolio from General Motors Acceptance Company for undisclosed terms. 01-Apr-2003 Bradford & Bingley is to expand its mortgage book by acquiring about 6,000 home loans with a value of £650m from General Motors Acceptance Corporation. 30-Sep-2002 Bradford & Bingley is planning to raise about £30m from the sale and leaseback of a large part of its property portfolio, making it easier to move branches to better locations. 21-May-2002 Bradford & Bingley is to shed a further 500 back-office jobs, including 200 at head office, as part of a cost-cutting campaign aimed at saving £30m a year. 23-Aug-2001 Bradford & Bingley is investing £10m in the launch of mortgage broking and independent financial advice centres in its network of more than 500 branches. 26-Mar-2001 Bradford & Bingley is to close 11 bank branches and 57 estate agencies with the loss of about 300 jobs, while 20 branches will be merged with neighbouring locations. 01-Mar-2001 Bradford & Bingley has announced plans to transform itself into a financial services intermediary by setting up a number of internet-based services to sell products from other companies. 11-Sep-2000 Bradford & Bingley has sold its company relocation division to Cendant for undisclosed terms, and Cendant will use the Windsor-based business as a base to expand its European operations. 08-Sep-2000 Bradford & Bingley's members have voted in favour of demutualisation, and the building society will make its stock market debut in December. 17-Jul-2000 Bradford & Bingley is to acquire John Charcoal, the mortgage broker, for £100m, which will give it access to a further 150 independent financial advisers. 17-Feb-2000 Bradford & Bingley Building Society is to create up to 200 new jobs in the Bingley area, having decided to centralise its operations in West Yorkshire, but a call centre in Leamington Spa will close with the loss of up to 275 jobs. 06-Oct-1999 Bradford & Bingley members have voted to transform the building society into a bank, which means it will lose its mutual status and up to 3m members will receive windfalls of about £1,000. 27-Apr-1999 Share Centre has bought the corporate personal equity plan business of Bradford & Bingley for about £1.7m, and has also announced plans for a flotation within two years. 01-Mar-1999 Bradford & Bingley is launching a new homebuying service in its estate agency branches, designed to speed up the process by offering surveys on properties before they are put up for sale. 25-Feb-1999 Bradford & Bingley Building Society is to spend £9m revamping its 1,000 branches in order to update its image. 13-Feb-1999 Bradford & Bingley is facing a new campaign to try to convert it from a building society into a bank. 31-Dec-1998 Bradford & Bingley is planning to expand its independent financial advice business by switching sales agents to independent status and by launching the service in all 600 high-street outlets. 18-Dec-1998 Bradford & Bingley building society is to outsource its computer functions to IBM in a 10-year deal worth at least £100m. 22-Sep-1998 Bradford & Bingley has agreed terms to acquire the Black Horse estate agency chain from Lloyds TSB for £56m, which will give it a much stronger presence in the south of England. 02-Apr-1998 Bradford & Bingley building society is planning to buy the Black Horse estate agency chain from Lloyds TSB, in order to expand its presence on the high street and increase mortgage sales. 10-Mar-1998 Bradford & Bingley has found that 71% of its members want it to remain a building society rather than convert to a bank. 02-Feb-1998 Bradford & Bingley is acquiring Mortgage Express from Lloyds TSB for £64m. 24-May-1997 Bradford & Bingley building society is preparing a cost-cutting campaign with unspecified job losses, as it tries to bring its cost base into line with competitors. 10-Oct-1996 Bradford & Bingley Building Society has announced a 0.25% cut in its mortgage rate, which could cause a price war. 25-Jan-1996 More from the Financial Services sector Related pages: Swinton Insurance Collins Stewart Money Centre Hammonds Grant Thornton Bradford & Bingley website: www.bradford-bingley.co.uk The information on this page comes from the UK Activity Report. Click here for further details Copyright UK Business Park 1995-2008