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Debt Hit For Yorkshire And Clydesdale Banks

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LOL, they think that rising bad debts may have something to do with expanding their market.

Also heard this morning that there will be a 2 year prison sentence for people disclosing personal details by the back door - I wonder what effect this will have on the debt collection industry and also the sticker price of debt sold into that sector?

http://news.independent.co.uk/business/new...ticle364347.ece

By Gary Parkinson, City Editor

Published: 12 May 2006

Yorkshire and Clydesdale banks were forced to take a £65m charge against bad debts in the six months to the end of March, a rise of 86 per cent on the same time last year.

....

National Australia Bank, which owns Yorkshire and Clydesdale banks, said the steep rise in bad debt could also be attributed in part to the expansion of its businesses over here.

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LOL, they think that rising bad debts may have something to do with expanding their market.

Also heard this morning that there will be a 2 year prison sentence for people disclosing personal details by the back door - I wonder what effect this will have on the debt collection industry and also the sticker price of debt sold into that sector?

http://news.independent.co.uk/business/new...ticle364347.ece

By Gary Parkinson, City Editor

Published: 12 May 2006

Yorkshire and Clydesdale banks were forced to take a £65m charge against bad debts in the six months to the end of March, a rise of 86 per cent on the same time last year.

....

National Australia Bank, which owns Yorkshire and Clydesdale banks, said the steep rise in bad debt could also be attributed in part to the expansion of its businesses over here.

nothing to do with them advancing lots of money on speculative property deals then.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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