Tuesday, April 12, 2011

Lend on property – its safe as houses!

Losses Quadruple At Allied Irish Banks

"The loss, at £9.2bn, is almost double that of some forecasts and a record for the bank. It was driven by a charge of £5.3bn, mostly against potential loan losses from residential mortgages and transfers of commercial property loans to a state-run bad bank. 2000 staff to go...etc"

Posted by alan @ 08:44 AM (974 views)
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5 thoughts on “Lend on property – its safe as houses!

  • I can see lloyds going bust(being nationalised) at this rate and why not…it has 28% exposure to the biggest housing bubble in history

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  • nah lloyds is fairly safe.

    this announcement is not a shock.

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  • not a shock?…well it makes nick leeson look like he nicked a packet of crisps

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  • value of money has changed since Nicky boy, what was average salary then?

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  • general congreve says:

    Oh my… *Pyramids hands*

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