Tuesday, March 3, 2009

Repossessions soar at Rock

More than 17,000 customers in arrears on mortgage payments Bad loans cost lender nearly 1.4bn last year Bank responsible for one in 10 repossessed homesNorthern Rock revealed yesterday that it was forced to pay disgraced former chief executive Adam Applegarth more than 800,000 last year in pay and pension top-ups following his departure from [...]

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