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Banks face major property losses

Language: English Series: Independent ; 12//4/90 p30Subject(s): Summary: According to the credit rating agency IBCA, British and foreign banks lent too much and too quickly to property companies during the development boom and now face major loan losses.

According to the credit rating agency IBCA, British and foreign banks lent too much and too quickly to property companies during the development boom and now face major loan losses.