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Yousefi believes that a bank will swoop to buy B&B

Bank of Ireland head of marketing Mehrdad Yousefi believes that Bradford & Bingley could be bought by HSBC or Lloyds TSB.

He says B&B is odds-on favourite to be the next bank to be acquired, following Santander’s recent bid for Alliance & Leicester.

Yousefi says: “I think that Lloyds TSB or HSBC could be interested in buying Bradford & Bingley. It has not got the financial power any more after being downgraded by S&P and Moody’s.”

He believes that HBOS would not be interested in buying the specialist lender as it already has too many assets in the UK.

He says: “Given that neither HSBC nor Lloyds TSB has a huge concentration in buy-to-let mortgages, then if the book is in good order, they could go for it.”

Yousefi says that Bradford & Bingley may have done some imprudent lending over the last 18 months but he believes that it remains a solid business.

He says: “Perhaps there is a question mark over the fact that it did not change its lending policy fast enough when the credit crunch first hit but I do not imagine that as a bank it is a bad business.”

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