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B&B board member resigns

A Bradford & Bingley board member has resigned this week.

Robert Dickie, group operations director and board member at B&B, sat his last day on the board on Monday.

Dickie will work his last day for B&B on April 30.

A statement from the bank says: “The board would like to thank Robert for his contribution to the group over the past five years and his considerable achievement in improving our operational capability.”


KGB sees 30% rise in volume

KGB Packaging has seen a 30% rise in the volume of cases submitted by brokers during the past month, compared with its monthly average for 2008 so far.

Bank of England’s £50bn liquidity initiative leaves building societies and specialist lenders out in the cold

The Bank of England has launched its scheme to allow banks to swap temporarily their mortgage-backed and other securities for UK Treasury Bills, though the size of the package, estimated to stand at £50bn has not been confirmed, and it is not clear how the package will help the bulk of the UK building societies and specialist lenders have been left out in the cold.


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