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Bradford & Bingley demise causes grief across sector

Bank shares plummeted yesterday after confirmation that Bradford & Bingley is to be carved up between the government and Spanish bank Groupe Santander in a move that could leave taxpayers paying the chief executive�s seven figure salary.

Bank shares plummeted yesterday after confirmation that Bradford & Bingley is to be carved up between the government and Spanish bank Groupe Santander in a move that could leave taxpayers paying the chief executive's seven figure salary.