BusinessBusiness RecoveryZero compensation for Bradford & Bingley shareholders

Zero compensation for Bradford & Bingley shareholders

PwC valuer finds no compensation is payable by HM Treasury

Former shareholders and subscription holders of troubled building society
Bradford & Bingley will receive no compensation, a PwC valuer has found.

Peter Clokey, independent valuer with PwC, announced his findings today in an
assessment notice.

B&B was taken into public ownership in September 2008 near the height of
the financial crisis. PricewaterhouseCoopers won the £4.8m contract to conduct
the valuation in June last year.

Further reading:

PwC
wins £4.8m Bradford & Bingley valuation deal

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