By Steve Slater and Adrian Croft 11 minutes ago LONDON (Reuters) - Regulators and politicians were locked in talks over the future of troubled lender Bradford & Bingley (BB.L) on Saturday, raising the prospect that a second British bank could be nationalized.B&B shares tumbled to a record low on Friday and the cost of insuring its debt jumped, prompting regulators to step up efforts to find potential white knights for the bank, hit by the credit crunch and Britain's sliding housing market.
The Financial Services Authority (FSA) and Treasury officials were meeting over the weekend to discuss rescue options, two people familiar with the matter said.
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