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Bradford & Bingley to raise £300m

Bradford & Bingley announced plans to tap shareholders for £300m through a rights issue in an apparent u-turn which raised questions about the credibility of management and sent shares in the firm plunging.

Bradford & Bingley announced plans to tap shareholders for £300m through a rights issue in an apparent u-turn which raised questions about the credibility of management and sent shares in the firm plunging.