Troubled bank Bradford & Bingley is to be nationalised, the BBC has learned.

Officials from the Treasury and the Financial Services Authority have been in talks with executives from the bank in a bid to secure its future.

BBC News business editor Robert Peston says the Treasury will almost instantaneously sell US Treasury Secretary calls on Congress to pass bailout package swiftly ...
US Treasury presents bailout plan ...
HBOS in merger talks with Lloyds ...
New radioactive leak at French plant ... to a bank, or a number of banks.

B&B's share price has plummeted and it has announced plans to cut 370 jobs due to the downturn in the mortgage market.

(BBC)

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