TITLE

GAUGING THE PRESSURE

AUTHOR(S)
Smith, Philip
PUB. DATE
April 2008
SOURCE
Accountancy;Apr2008, Vol. 141 Issue 1376, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial crisis of the banks in Great Britain. According to the article, the five largest banks in the nation, HSBC Bank PLC, The Royal Bank of Scotland (RBS), Lloyds TSB Bank PLC, Barclays Bank PLC and HBOS PLC, reported write-downs of some £22 billion. Furthermore, the subprime crisis has put a sizeable dent in the balance sheets and profit and loss accounts of the nation's banks and mortgage lenders. INSETS: Impact of a Rock fall;Pass the lawsuit parcel;Rogue traders return.
ACCESSION #
31787708

 

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