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Bank Profits
Published: Monday November 5,2007 by Tomas
A sharp reduction in bank profits would have to be catastrophic to make any impact on the profit margins that most UK banks have achieved over the past 10 years, so I for one will be crying in my beer over it. What I do object ot is the use of government (tax payers) money to bail out the inefficiencies of these banks who are now struggling to maintain their obscene levels of profit, i.e. Northern Rock.
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