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- TPG walks away
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From the Financial Times: TPG walks away from UK bank rescue (hat tip Terry) Bradford & Bingley shares tumbled on Friday after its largest shareholders were forced to step in and rescue the ailing mortgage lender after TPG Capital, the private equity group, pulled out of a £400m capital increase.
The emergency rescue was triggered after Moody’s, the credit rating agency, late on Thursday night…
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4 July, 2008| housingblogs |
@ 9:36