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    Zero compensation for Bradford & Bingley shareholders

    Zero compensation for Bradford & Bingley shareholders

    PwC valuer finds no compensation is payable by HM Treasury

    Author Date published July 5, 2010 Categories

    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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