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Saturday, September 27, 2008

Is Bradford & Bingley on brink of bail-out? Ministers plan 'superbank' merged with Northern Rock

Bradford & Bingley could be nationalised to save it from collapse.
Ministers are considering a dramatic plan to merge it with Northern Rock to create a publicly-owned ‘superbank’.
Sources stressed that depositors’ cash would be guaranteed by the Government. The desperate rescue scheme emerged at the end of another tumultuous week in the global financial crisis.

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