Bradford & Bingley can no longer continue as an independent bank and may have to be nationalised in some form in the coming days, City sources warned last night.
B&B, the eighth largest mortgage lender, is the latest banking institution to become a victim of the financial crisis and the deteriorating state of the housing market.
Daily Telegraph 27/09/08 page 1, The Times 27/09/08 page 3, The Independent 27
