With those sort of debts being written off, you have to wonder if the banks have been doing a spot of Hollywood accounting
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| UK banks see surge in bad debts http://www.x404.co.uk/forum/viewtopic.php?f=19&t=6616 |
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| Author: | Amnesia10 [ Mon Mar 01, 2010 12:39 pm ] |
| Post subject: | UK banks see surge in bad debts |
http://news.bbc.co.uk/1/hi/business/8543083.stm Not exactly unexpected but I wonder if they are enough to bring down the banks. The crisis is not over yet. |
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| Author: | pcernie [ Mon Mar 01, 2010 12:53 pm ] |
| Post subject: | Re: UK banks see surge in bad debts |
With those sort of debts being written off, you have to wonder if the banks have been doing a spot of Hollywood accounting
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| Author: | Amnesia10 [ Mon Mar 01, 2010 1:10 pm ] |
| Post subject: | Re: UK banks see surge in bad debts |
Oh they have been doing that as well. The value of some of their assets is considerably lower than they are recorded at. They will repost losses for a few years yet. |
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