Resolution may lead B&B £400m capital injection

UK-based financial services restructuring company Resolution Ltd. Monday said it has been invited by certain investors in Bradford & Bingley PLC to lead a £400m (€506.6m) capital injection and block a rival financing plan involving TPG.

Resolution said its proposal would result in a capital injection by existing B&B investors to replace TPG's proposed capital raising and a restructured rights issue.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump