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Banks urged to stay calm

Language: English Series: Estates Times ; (1143) 15 May 1992, 1(1)Publication details: 1992Subject(s): Summary: Sir John Quinton has warned lenders not to overreact to the property crisis. The retiring chairman of the largest single lender to the property market, Barclays Bank, called for a sense of proportion and said an overreaction would `seriously aggravate the decline in property prices and cause further damage to the industry`s short-term performance`.

Sir John Quinton has warned lenders not to overreact to the property crisis. The retiring chairman of the largest single lender to the property market, Barclays Bank, called for a sense of proportion and said an overreaction would `seriously aggravate the decline in property prices and cause further damage to the industry`s short-term performance`.