Saturday, Mar 29, 2008
The Devil is in the Detail as Northern Rock publishes its 2007 results
Sunday Times: Northern Rock profits dive after huge writedown
Some interesting snippets in this article including the fact that mortgage arrears in the bank’s mortgage book climbed almost 20% between January and February.
Posted by enuii @ 11:30 PM (128 views) Add Comment
1 Comment
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1. paul said...
Mortgage arrears climbed just after The Crock was bought? Do you think that might be because before then they were misclassifying arrears as "payment holidays"?