Thursday, June 19, 2008

Only 9%!

HBOS reveals £1billion in writedowns

Halifax Bank of Scotland spread more gloom in the banking sector today as it revealed £1 billion in write-downs and warned that house prices could now fall 9% this year.

Posted by rental john @ 06:05 PM (2946 views)
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One thought on “Only 9%!

  • mark wadsworth says:

    We covered the HBOS 9% numptiness earlier today, if they checked their own May index they would see that prices have already fallen 6.6% this year. So unless the rate at which prices falling goes down to less than half a per cent a month (MWUAH HA HA) ….

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