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Europe Breaking News: UKFI Hires UBS Banker to Run Down 'bad Bank' Loans

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Europe Breaking News: UKFI Hires UBS Banker to Run Down 'bad Bank' Loans

Europe Breaking News: UKFI Hires UBS Banker to Run Down 'bad Bank' Loans
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Europe Breaking News: UKFI Hires UBS Banker to Run Down 'bad Bank' Loans

by Wochit 0:46 mins

The body charged with handling Britain's stakes in lenders has hired a senior banker from UBS to manage its holdings in the 'bad bank' books of Northern Rock and Bradford & Bingley. Britain will push ahead with its biggest privatization in decades when it unveils plans for a $3.7 billion stock listing of state postal operator Royal Mail. As many as 120,000 tweets per minute mentioned Sunday's Wimbledon final, won by Brit Andy Murray. The U.K. Twitter record exceeded a previous high set by the Spice Girls' appearance during the London Olympics closing ceremony.

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