Tuesday, April 04, 2006 

Independent: Rise in bankruptcies and repossessions dents Northern Rock More bankruptcies and repossessions took the shine off an otherwise acceptable trading update from the mortgage bank Northern Rock yesterday. While the arrears among its customers remain below half the industry average, the Newcastle-based bank is writing off more bad debts than before. It will not be setting aside extra cash to cover this, however, because earlier provisions are yet to be used.
posted by Johnny  @ 7:56 AM 1 comments


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