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June 02, 2008

Hey Sis...

Could you lend me a few quid?

Britain's banks faced a black Monday today as a £4 billion shares sell-off was prompted by a major lender warning of plunging profits.

Bradford & Bingley's drastic trading statement said more customers will fall into arrears and at one point it was forced to suspend shares. When trading resumed they fell by 25 per cent to 66p - dragging down the value of the "big five" banking giants.

B&B, the country's biggest buy-to-let lender, said it expected profits to be badly hit because house prices were falling far more than expected.


Our Motto: "It's your money. Give it to me."

Posted by Mr. Bingley at June 2, 2008 09:58 PM

Comments

"'Don't panic' pleas"--is that a Hitchhiker's Guide reference?

Posted by: Kate P at June 2, 2008 11:03 PM

Who is this "Bradford", hmmmmmm? Are you two timing your wife?

Posted by: The_Real_JeffS at June 2, 2008 11:22 PM

I blame Bradford for everything. Bingley '09!

Posted by: nightfly at June 3, 2008 09:51 AM

Sorry! Can't hear you!! You're breaking up!!! Try later!!!

Posted by: tree hugging sister at June 3, 2008 10:45 AM