Surprise
Posted: Tue, 10 Feb 2009 2:36 am
Well some positive news was Barclays made a handsome profit of 6 billion, and their debt to the mortgage crash was only 5 billion.
It turns out 32 banks and building societies in UK loaned 285 billion pounds in return for their illiquid mortagage assets, so it shows how serious the problem was ....
I find it suspicious that Barclays have avoided a bigger write down on debt, i must say
Good news for Singapore I would think.
http://news.bbc.co.uk/2/hi/business/7867355.stm
It turns out 32 banks and building societies in UK loaned 285 billion pounds in return for their illiquid mortagage assets, so it shows how serious the problem was ....
I find it suspicious that Barclays have avoided a bigger write down on debt, i must say
Good news for Singapore I would think.http://news.bbc.co.uk/2/hi/business/7867355.stm