Bradford & Bingley has denied Resolution access to its books as it tries to distance itself from the investment group's bid.
Resolution is planning to put £400 million into Bradford & Bingley as a part of a £2 billion scheme for the mortgage lender.
However, Bradford & Bingley is standing by its plan to go ahead with a £179 million investment deal with Texas Pacific Group (TPG), augmenting a £258 million rights issues.
Resolution – headed by Clive Cowdery- is now believed to be planning its next move given after being refused due diligence access by Bradford & Bingley.
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