Word: bradford
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...Belgian insurance and banking giant, had been partially nationalized through a $16.4 billion injection from the three Benelux governments, each of which will acquire a 49% stake in operations in their respective countries. In Britain, meanwhile, the government announced this week it had taken control of problem mortgages from Bradford & Bingley, Britain's second biggest mortgage lender. Despite those moves amid the spreading U.S. crisis, however, observers believe European companies and homeowners are not as exposed to financial ruin as their American peers. "For better or worse, depending on your perspective, these aren't the same property-owning societies like...
...Santander agreed to buy the savings deposits and branch network of the hopelessly overextended British lender Bradford & Bingley (B&B), forced into nationalization yesterday after investors and lenders lost confidence. B&B - whose share price has plummeted 93% this year - relied on the gummed-up wholesale credit markets for around half of its mortgage funding. Many of those home loans it has made, often without proof of the borrower's income, now look risky. For $1.1 billion, Santander will take on $37 billion in savers' deposits; the U.K. government, meanwhile, took on B&B's $78 billion mortgage book...
...Skipper Garrity and his crew, senior Kerry Anne Bradford, had the best showing for the Crimson, finishing sixth in the B-division...
...initial race, Palmer and Brants inched up in the standings, recording a weekend-best sixth in the final race of the regatta.Garrity skippered the B-division boat, joined by sophomore crew Meghan Wareham. Wareham was subbing for Garrity’s usual crew, injured senior Kerry Anne Bradford. The pair sailed to eighth overall, highlighted by a 4th-place finish in the regatta’s second race.Roger Williams won the regatta with 55 points. “We definitely have things to work on, but it’s a very long season so we thought...
...Editors: What to make of New York State Governor Mario Cuomo (NATION, June 2)? A President, I hope. Andrew Corcoran Bradford, Mass. I have never voted for a major political candidate, only against. I hope Cuomo will give me the chance to cast my ballot for someone. Harold Freiman Berkeley Your article paints Cuomo as a man who is deeply influenced by Roman Catholicism. It attributes to the Governor a lifelong fealty to the ideals of St. Thomas More, the statesman-martyr under King Henry VIII in 16th century England. Cuomo's fealty, however, crumbles in a most crucial aspect...