BRUSSELS, Sept 30 The European Commission
received on Tuesday notification from the British authorities of
their rescue package for mortgage lender Bradford & Bingley
BB.L, the EU competition and state aid regulator said.
"The Commission intends to adopt a decision very, very
quickly. I cannot give any comment on the substance of the
measures in the plan," Commission spokesman Jonathan Todd said.
After intense weekend talks failed to find an outright
buyer, the Treasury said on Monday it would take over B&B's 50
billion pounds ($90.12 billion) mortgage portfolio and sell its
deposits and branches to Spanish bank Santander.
The notification begins the process under which the
Commission will check the plan to see if it complies with
competition rules in the 27-nation bloc.
(Reporting by Darren Ennis)