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
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.