Bradford & Bingley reports loss in 2009
Bradford & Bingley, a bailed out bank by the UK government in 2008, reported a loss of £196 million in 2009.
Recent reports have shown that the Bradford & Bingley has become the latest financial victim of the global credit crunch, as its pre-tax losses, and rumours over money problems, sent shares plummeting in a similar vein to that seen with the now nationalised Northern Rock last year.