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British Land Writedowns Spark Bank Fears

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British Land Writedowns Spark Bank Fears

UK property giant British Land has seen £3.2bn wiped from the value of its portfolio, sparking new fears that banks will suffer huge losses from their commercial mortgage lending.

http://news.sky.com/skynews/Home/Business/...ish_Land_Wipes_

Oh well; the property was never worth what they said it was. A moron would have been able to tell them that.

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