Efforts by troubled UK lender Bradford & Bingley to raise £400m have been rescued after a would-be investor pulled out, the BBC has learned.
US private equity house Texas Pacific Group (TPG) has made a last-minute decision to walk away from a deal to provide almost half of the equity.
But leading City institutions have rallied round to provide the capital, says BBC Business editor Robert Peston.
Full Story: B&B fund-raising effort rescued
US private equity house Texas Pacific Group (TPG) has made a last-minute decision to walk away from a deal to provide almost half of the equity.
But leading City institutions have rallied round to provide the capital, says BBC Business editor Robert Peston.
Full Story: B&B fund-raising effort rescued
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