The high levels of write-offs and other revaluations of sterling and foreign-currency loans by U.K. banks and building societies underscore the continuing challenges faced by financial institutions and the disincentives to extend more credit.
WSJ.com: What's News US, Wall Street Journal
Mon, 11/30/2009 - 6:42am
The high levels of write-offs and other revaluations of sterling and foreign-currency loans by U.K. banks and building societies underscore the continuing challenges faced by financial institutions and the disincentives to extend more credit.