Increased fears about credit squeeze as Co-op Bank’s profits fall
The Co-operative Bank announced earlier this week that it was withdrawing its two-year mortgage deals. It followed announcements that other lenders were scrapping cheap mortgage offers.However, now the bank has fallen victim to the credit crunch with profits collapsing almost £26 million to £50.3 million due to a £31.8 million write-down on the value of [...]
Increased fears about credit squeeze as Co-op Bank’s profits fall
