Bradford and Bingley mis-selling losses
After making a huge provision for mortgage mis-selling claims, Bradford and Bingley has reported a fall in profits.
In order to cover compensation costs for mis-sold endowment and investment products, Bradford & Bingley have set aside £89.4m. There was also a rise in the amount set aside for bad loans. The bank announced record new residential lending, although some are warning that the buy to let market, which Bradford and Bingley relies on, is likely to slow.
