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Banks share pain of the property crisis

Language: English Series: Independent ; 2 April 1992, 29 | Times ; 3 April 1992, 25 | Estates Gazette ; (9212) 28 March 1992 64 | Independent on Sunday ; 5 April 1992, 4(4)Publication details: 1992Subject(s): Summary: Banks are incurring huge losses as the fall in property values reduces the value of investments, a process which has also led to £40bn of bad debt in the building industry. The effect on values of the proposed contaminated land registers is also considered.

Banks are incurring huge losses as the fall in property values reduces the value of investments, a process which has also led to £40bn of bad debt in the building industry. The effect on values of the proposed contaminated land registers is also considered.