Northern Rock Cuts Losses By 42%

Northern Rock reported losses of £78.8 billion ($129 billion) in the first half of 2011, a decline of more than 42% from a year earlier.

  • 03 Aug 2011
Northern Rock reported losses of £78.8 billion ($129 billion) in the first half of 2011, a decline of more than 42% from a year earlier. It also reported a new expectation of a return to profitability by the second half of 2012. The state-owned lender also reported gross ...

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