Monday, February 19, 2007

And the news keeps rollin in…

Banks to write off record £6.6bn of bad personal debt

Bad Debts: Barclays £1.67b / Lloyds TSB £1.26b / HBOS £1.24b / RBS £1.34b / HSBC £943m. A 20% increase on 2005, which itself was 50% up from 2004.

Posted by nearly30 @ 11:53 PM (501 views)
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3 thoughts on “And the news keeps rollin in…

  • Can’t believe it – cross-posted twice in one day – this time i’m 2 mins slower to post – what an odd day.

    Think I will top it off by getting a 10X interest only mortgage and caining 3 credit cards and a personal loan.

    Wierd!!!!

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  • 6.6 billion is a drop in a huge ocean

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  • NoHPC – would you care to back that up with some evidence.

    Personally I think 6.6bill written off is a lot. That wipes out the profit on half a trillion I would guess. And this is just the start IMHO.

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