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Northern Rock's losses climb to £600m as economy weakens | Business | guardian.co.uk
This article related to: Northern Rock, Credit crunch, Banking sector, Business, Banks and building societies, Money, Borrowing & debt, UK news, Repossessions, Economic policy, Politics, Business
Northern Rock admitted this morning that it lost almost £600m in the first half of this year as the weakening economy pushed more of its borrowers into arrears and said it would be "significantly loss-making" throughout 2008. In a further sign that the UK housing ...