Today, Abbey National confirmed it will suffer a loss in 2002 after a £1.9 billion profit last year. Britain's sixth biggest bank also said it expected to cut its dividend. Abbey has been troubled in recent months by rising bad debts, slumping profits and a management shake-up in July that saw the dismissal of its former chief executive, Ian Harley. In October, Abbey rejected a takeover offer from Bank of Ireland. S&P revised its outlook on Abbey to negative on Monday.
However, the cost of c
The week on Risk.net, June 16–22, 2017Receive this by email
Back to Top