Thursday, August 7, 2008

British Banks Facing Second Wave of loses

Northern Rock: of banks and men

The article looks at the problems facing Northern Rock and how other banks that lended recklessly may soon face similar problems. After writing off lots of bad debts from America the banks now face loses from their loans in the UK. The article predicts that banks will again have to go back to shareholders for more cash.

Posted by becksmycat @ 07:56 PM (378 views)
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