Troubled bank Bradford & Bingley is to be nationalised, the BBC US Treasury Secretary calls on Congress to pass bailout package swiftly ...
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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 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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