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Old 08-29-2008, 04:16 PM
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Post B&B posts £26.7m loss as arrears soar

The UK’s biggest buy-to-let lender, Bradford & Bingley (B&B), has posted a loss of £26.7 million for the six months to the end of June.The result compares with a pre-tax profit of £180.4 million in the same period of 2007.Credit impairment charges for the six months rose to £74.6 million, up from £5.3 million in [...]

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