Bye bye B&B

Bradford & Bingley’s chief executive, Steven Crawshaw has stepped down ahead of an expected profit warning to be issued tomorrow. The fact that the Bradford & Bingley is the largest buy-to-let mortgage lender in the UK is entirely coincidental. The fact that the Bradford & Bingley is also looking to raise £300m through a rights issue despite denying that fact a weeks prior to the announcement is also completely unconnected to Steven Crawshaw's stepping down.