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Britain's big banks stand to lose as much as a fifth of their profits as the commercial property market implodes, the Bank of England has warned.
The Bank sounded the alarm on a £5bn-plus wave of real estate defaults which could engulf the financial sector before it has even recovered from the sub-prime crisis.
Britain's big banks stand to lose as much as a fifth of their profits as the commercial property market implodes, the Bank of England has warned.
The Bank sounded the alarm on a £5bn-plus wave of real estate defaults which could engulf the financial sector before it has even recovered from the sub-prime crisis.