Tuesday, Jan 29, 2008

Next bank to go??

Guardian: A&L reveals further £130m credit crunch hit

Alliance & Leicester has revealed its losses from the credit crunch are much worse than earlier estimates and its chief executive David Bennett is currently off work ill.

HA HA HA HA HA

Posted by inbreda @ 10:42 AM (625 views) Add Comment

4 Comments

1. cornishman said...

"so they have been forced to sell some assets in a distressed market,"

- or in other words, forced to admit that the book price was a fantasy.

Tuesday, January 29, 2008 11:45AM Report Comment
 

2. paul said...

You're covered for the first £30k and that's yer lot!

Please make your way quietly and calmly to your nearest branch to fill out a withdrawal slip. Please don't bang on the counter and make demands to the staff for your money ... !

Tuesday, January 29, 2008 12:36PM Report Comment
 

3. techieman said...

This cant be right - after all "you get a smarter investor at the Alliance and Leicester" ;-)

Tuesday, January 29, 2008 01:18PM Report Comment
 

4. handle_it said...

Has their website "crashed yet" ? Snigger....

Tuesday, January 29, 2008 01:29PM Report Comment
 

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