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A&L cuts mortgage lending by £4.5bn

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  • A&L cuts mortgage lending by £4.5bn

    Bank assuming house price falls of 5% in 2008 and 2009 and could make a first-half loss

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  • #2
    Re: A&L cuts mortgage lending by £4.5bn

    Not happy reading.

    I think some of the commentators views are a bit extreme - one half-year's losses don't mean that a business is "in run-off".

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