Summary
DESPITE a series of hefty interim profit slumps for the major UK banks there have been some signs that the worst of the credit crunch may be over for the sector.
RBS revealed it dived to a first half loss of pounds 691m, the second biggest banking loss in UK corporate history, thanks to pounds 5.9bn of credit writedowns.See the full content of this document
Extract
'Worst Is Over' for the Banks ; in Association with Rbs
Halifax Bank of Scotland, saw profits plunge 72% to pounds 848m...
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