Goldman and Deutsche step in for B&B rescue

Deutsche Bank and Goldman Sachs have emerged at the centre of US private equity firm TPG Capital’s rescue of UK mortgage lender Bradford & Bingley, which has been forced to scale back the size of its rights issue following a sharp drop in its share price.

Bradford & Bingley turned to Goldman Sachs to advise it on a last-minute investment by TPG, which was advised by Deutsche Bank, after fears grew over the past week that a £300m (€383m) rights issue, fully underwritten by Citigroup and UBS, was facing problems.

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How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line