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The Treasury is holding talks on purchasing the troubled mortgage lender Bradford ßamp; Bingley, and said it intended to make a full statement before the opening of stock markets on Monday. The bank is the latest in Britain to be struck by the fallout from the global financial crisis. British media report that the government plans to merge the bad property assets of Bßamp;B with the bank Northern Rock, which was nationalised in February. Earlier this month the government also intervened to broker the takeover of HBOS, Britain's biggest home lender, by its rival Llyods TSB.
(Deutsche Welle)
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