TITLE

Nationwide's profits hit amid state bank distortion

AUTHOR(S)
Jones, Lee
PUB. DATE
November 2009
SOURCE
Money Marketing;11/26/2009, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the statement of Graham Beale, chief executive officer (CEO) at Nationwide Building Society, stressing the condition of uneconomic pricing of Government-backed banks in Great Britain. Beale cites Northern Rock PLC and Lloyds Banking Group PLC which has withdrawn their market-leading bond due to huge demand. Beale further states that Nationwide has warned the public regarding the rise in housing prices due to lack of supplied materials.
ACCESSION #
47140726

 

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