Mixed H1 results for UK banks

LONDON - It was a mixed bag for the partly state-owned British banks announcing their pre-tax results for the first half of 2009.

Newcastle-based Northern Rock, which was fully nationalised by the UK government in February, announced bigger-than-expected losses of $1.22 billion, with much of the loss coming from charges to cover losses due to struggling mortgage borrowers. However it did manage to repay £9.4 billion of a loan from the Bank of England, reducing the amount it owes the UK's central

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