Wednesday, Aug 08, 2007

UK mortgage provider closing branches

BBC "News": C&G announces 31 branches to shut

Nothing to do with the credit crunch, UK house prices falling over the last three months or exposure to the US toxic debt issue. No no, somehow the Internet is to blame for this one.

Posted by paul @ 12:36 PM (100 views) Add Comment

2 Comments

1. Ah-so said...

It may also be because C&G is now formally being merged into Lloyds TSB, its parent, with a loss of the brand name, and presumably many branches, except where they convert to Lloyds Bank branches.

Or it could be because of exposure to US toxic debt.

Wednesday, August 8, 2007 02:42PM Report Comment
 

2. Ah-so said...

It may also be because C&G is now formally being merged into Lloyds TSB, its parent, with a loss of the brand name, and presumably many branches, except where they convert to Lloyds Bank branches.

Or it could be because of exposure to US toxic debt.

Wednesday, August 8, 2007 02:56PM Report Comment
 

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