Thursday, 31 July 2008

Lloyds TSB latest to be hit by credit crunch as profits plunge 70%. Negative equity 'a risk to 1.7m homeowners'.

Lloyds TSB latest to be hit by credit crunch as profits plunge 70%

THE banking giant Lloyds TSB yesterday said credit crunch losses and
woes in its insurance business had wiped 70 per cent off pre-tax profits in
the first half of this year. More info...
http://news.scotsman.com/ViewArticle.aspx?SectionID=6985&ArticleID=4342169

Negative equity 'a risk to 1.7m homeowners'

UP TO 1.7 million homeowners could be plunged into negative equity if
house prices continue to fall, a report warned yesterday. More info...
http://news.scotsman.com/ViewArticle.aspx?SectionID=6985&ArticleID=4342236