After months of drifting B&B have found a new Captain to sail them into safe waters.

The post has been taken by industry veteran Richard Pym - Richard’s previous role was at troubled bank Alliance and Leicester as Group CEO, which has recently been acquired by Santander.

This is “great news” for shareholders, and dont be surprised that very much like when Richard was at Alliance and Leicester, the savvy banker holds discussions with the cash rich Spanish giant who is on the prowl for cheap British Assetts!

It will be interesting to read what Richard Pym is being paid as CEO to take on this responsibility, but I would put money on it being a “heads you win, tales you win double” contract. And who would argue in this climate? - Not Trumpo.

Alliance and Leicester & Bradford and Bingley were highlighted by Trumpo as being finished as commercially viable businesses back in September 07.

http://www.trumpo.com/blog/money/are-northern-rock-alliance-leicester-and-bradford-bingley-finished/

Maybe Trumpo should become a Tipster..

Onwards and upwards!!

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