Wednesday, Jun 27, 2007
Fixed-rate mortgage bank warns profits will be hit by delays in passing higher interest rates on to their customers
The Times Newspaper: Northern Rock shares plunge on warning
This is a clear indication of the pressure that Banks are under to raise mortgage rates. Investors are voting with their feet. We may see stock prices tumble, leaving banks vulnerable to takeovers and more likely to punish those who default.
Posted by planning4acrash (previously known as pr) @ 10:03 PM (152 views) Add Comment
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