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| 2008 | BRADFORD & BINGLEY : Britain nationalizes Bradford & Bingley | RE |
| 2008 | BRADFORD & BINGLEY : Britain to nationalize Bradford & Bingley: sources | RE |
LONDON (Reuters) - The British government will nationalize mortgage lender Bradford & Bingley and is discussing the sale of its savings book and branches, people in the bank industry familiar with the matter said on Sunday.
The Treasury, which is leading talks on the rescue of the bank, said talks are still ongoing and a decision will be announced before Monday's market opening.
The bank industry sources said the government will take on all or some of B&B's mortgage book and was talking to banks about its 24 billion pounds ($44 billion) of savings and 200 branches.
(Reporting by Steve Slater; Editing by Adrian Croft)
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