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B&B hit by sub-prime losses

Steve_xx · 2008-02-13 11:05:09

Lender Bradford & Bingley (B&B) has reported a sharp fall in profits after cutting the value of risky assets following the recent market turmoil. B&B's shares tumbled in London on the news, sliding 12% to 214.5 pence. Here's a link to the story: http://news.bbc.co.uk/1/hi/business/7242205.stm

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ashm1 Posts: 234 Forumite

13 February 2008 at 8:29PM

Steve_xx wrote: »

Lender Bradford & Bingley (B&B) has reported a sharp fall in profits after cutting the value of risky assets following the recent market turmoil.

B&B's shares tumbled in London on the news, sliding 12% to 214.5 pence.

Here's a link to the story:

http://news.bbc.co.uk/1/hi/business/7242205.stm

Arrears 42% up before the economic slowdown.

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B&B hit by sub-prime losses

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