Tuesday, April 12, 2011
Lend on property – its safe as houses!
"The loss, at Â£9.2bn, is almost double that of some forecasts and a record for the bank. It was driven by a charge of Â£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"