It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Northern Rock makes hefty losses

page: 1
0

log in

join
share:

posted on Aug, 4 2009 @ 05:52 AM
link   


Losses at nationalised bank Northern Rock have grown by 24% amid mounting losses on its mortgage loans.
Losses at the bank totalled £724,2m in the first six months of 2009, compared with £585.4m in the first half of 2008.
The Newcastle-based lender said that 3.92% of its mortgage loans were more than three months in arrears, well above the national average of 2.39%.

FROMnews.bbc.co.uk...
But i suppose it's ok because after all it's only tax payers money.
I think these loses are only going to get worse they should have let it fail it's becoming a money pit.

THANKYOU




 
0

log in

join