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Bradford & Bingley
Bradford & Bingley is to sell its mortgage servicing operations, with 1,700 staff based in West Yorkshire and Sunderland, to Computershare of Australia.
Bradford & Bingley has submitted plans to Bradford Council to expand its Crossflatts headquarters, which could create space for up to 300 additional staff over the next ten years.
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.
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.
Bradford & Bingley is planning to sell its Charcol mortgage broking business to a management buy-out backed by Advantage Capital for under £10m.
Bradford & Bingley has sold its estate agency chain to Countrywide for £44m.
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.
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.
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.
Bradford & Bingley is to acquire Douglas Duff, the commercial surveying firm, for undisclosed terms.
Bradford & Bingley is to acquire Aitchison & Colegrave, the Scottish firm of independent financial advisers with four offices, for undisclosed terms.
Bradford & Bingley is to acquire Holden Meehan, the independent financial adviser, for undisclosed terms.
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.
Bradford & Bingley is investing £10m in the launch of mortgage broking and independent financial advice centres in its network of more than 500 branches.
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.
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.
Bradford & Bingley is to acquire John Charcoal, the mortgage broker, for £100m, which will give it access to a further 150 independent financial advisers.
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.
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.
Bradford & Bingley is acquiring Mortgage Express from Lloyds TSB for £64m.