Sunday, June 7, 2009
Please Sir(i.e. taxpayer), can we have another £100bn
Property threat to banks
Lenders face a £100bn ticking timebomb as the value of office blocks and shops halve . Up to £100bn lost....
Posted by voiceofreason @ 08:54 AM (994 views)
3 thoughts on “Please Sir(i.e. taxpayer), can we have another £100bn”
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sybil13 says:
“BANKS are sitting on more than £100 billion of paper losses from their exposure to UK commercial property – more than the combined market capitalisation of Royal Bank of Scotland, Lloyds and Barclays, according to global property consultant Jones Lang LaSalle (JLL”
Is that the same Jone Lang LaSalle that predicted a further 14% falls in UK house prices this year
nomad says:
No sybil13 . . . I think it was the other one 😉
crunchy says:
Cue… Alan Sugar. The Sweet Kebab Man!