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View all Representation →Consultations- Digitisation Taskforce – Final Report
- FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds
- FRC Consults on UK Stewardship Code – ShareSoc Responds
- FCA Consultation – Modernising Redress
- HMRC Consultation – IHT on Pensions
- ShareSoc Evidence to Lords on FCA Enforcement
- ShareSoc supports FCA proposal for criminal background checks on owners and controllers of financial institutions
- UK ISA: ShareSoc submits consultation response
- FCA Consultation on Enforcement Practice & Transparency
- ShareSoc response to House of Commons Education Select Committee
- UKSA and ShareSoc Submission to Labour Party Review of Financial Services
- FCA Consultation GC23/2 Financial Promotions on Social Media
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Bradford & Bingley Plc (60XN)
Blog posts
Bradford & Bingley & Northern Rock Bond Tenders
Post Date: December 1, 2014
Bradford & Bingley Plc have announced a new tender offer for the subordinated bonds. These are what were formerly called PIBS which were issued before the company converted to a bank. These bonds remained outstanding when the company was nationalised in 2008 and have continued to be listed and tradable. But the previous tender offers were not considered very generous, although the market price has been slowly recovering on the expectation that the mortgage assets of the company would exceed its ...
Magna Carta and Bank Nationalisations
Post Date: June 16, 2014
There was an interesting letter in the Financial Times on Saturday (14/6/2014) from Prof. Tim Congdon. As a former Northern Rock shareholder he pointed out that the latest results from Northern Rock Asset Management (the "bad" part of the bank that was left after the good part was sold off to Virgin) showed underlying profits of £1.16bn. So it has achieved profits of almost £3bn in the last 39 months and is likely to generate a few more billion before the ...
B&B Finance Director fined
Post Date: December 13, 2013
Christopher Willford, the Finance Director of Bradford & Bingley in 2008, has been fined £30,000 by the Financial Conduct Authority (FCA) for "failing to provide the board with up-to-date information about B&B's financial position" ahead of the right issue in May of that year.
The FCA state that Mr Willford "failed to identify and investigate potentially material risks, or alert the board, at a crucial time for the firm. Bad mortgage debts, arrears and repossessions had all risen while the net interest ...
ShareSoc News
ShareSoc comments on the Barclays LIBOR rate manipulation debacle and Diamond’s pay.
Post Date: July 4, 2012
PRESS RELEASE 28 (04/07/2012)
Sharesoc, the UK Individual Shareholders Society, believes the announcement by Chancellor George Osborne of an inquiry into Barclays Bank and other banks’ LIBOR rate manipulation to be chaired by Andrew Tyrie, Chairman of the Treasury Select Committee is a step in the right direction.
However, the Society contends that this rigging of the market is but a small part of the ongoing banking fiasco, the seeds of which were first sown some twenty or more years ago.
David Blundell, Chairman ...
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