Money Box: Bradford & Bingley

Shareholders in Bradford & Bingley had an opportunity this week to quiz the man who will decide what compensation they receive, following the bank's nationalization.

In September 2008, all of Bradford & Bingley's retail branches and its savings accounts were transferred to Abbey.

The rest of the business, including Mortgage Operations and Insurance were taken into public ownership by the government.

Peter Clokey, a partner at PricewaterhouseCoopers has been appointed as the independent valuer under the Bradford & Bingley Compensation Scheme.

Mr Clokey was one of the speakers at a public meeting for Bradford & Bingley shareholders and bondholders on Saturday, 10 October, 2009.

Bob Howard reported from the meeting in central London.

This item was first broadcast on Radio 4's Money Box on Saturday, 10 October 2009.