Turbulent times for B&B
Today's interim results cap a turbulent six months for Bradford & Bingley, in which the firm lost its chief executive and submitted two refinancing packages.
The group, which succeeded in raising £400m, said its buy-to-let market is strong but it aims to reduce lending.
It is attempting to renegotiate the terms of a deal under which it buys mortgages from US financial services company GMAC as arrears rise.