TITLE

Anger as B&B defers dividend payments

AUTHOR(S)
Jones, Lee
PUB. DATE
June 2009
SOURCE
Money Marketing;6/4/2009, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the warning of Shareholders' Association to independent financial advisers to expect some unhappy investors after Bradford & Bingley PLC revealed several of its bonds will not be paying out dividends in Great Britain. It states that the move of Braford & Bingley allows the nationalised bank to defer payment on its subordinated debt. According to a spokesman, neither B&B nor the government gave any explanation as to why shareholders would not be receiving dividends.
ACCESSION #
42010426

 

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