Tuesday, Aug 04, 2009
Rock and Roll...
Money: Northern Rock posts £724m loss
The Newcastle-based company also said the share of its mortgages in arrears had risen to 3.92% by June 30, from 3.67% three months before.
Northern Rock - which was taken into public ownership in February 2008 - said it incurred an impairment charge on its loans of £602.2 million and expected that figure to be similar in the second half.
Posted by rob @ 08:18 AM (221 views) Add Comment
1 Comment
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1. Timm said...
This on top of their breach of capital ratios.
http://www.ft.com/cms/s/0/a890b70e-666f-11de-a034-00144feabdc0.html?nclick_check=1
Not looking good for the state bank.