Tuesday, August 4, 2009

Just when “The Express” thought it was safe…

Lloyds, RBS May Write Down Extra $30 Billion on Property Loan

Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, the U.K.’s biggest taxpayer-funded banks, may post a combined 17.7 billion pounds ($30 billion) of writedowns after the U.K.’s property slump worsened. (Is this the sequel to The Housing Crash?)

Posted by alan @ 09:44 AM (669 views)
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One thought on “Just when “The Express” thought it was safe…

  • Has anyone considered that these people may benefit from overegging losses now so that they can show bumper profits in the future and reap big bonuses.

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