Nationwide Fears Low Rate Impact As Profits Fall by Almost a Half
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Summary
NATIONWIDE Building Society yesterday warned that historic low interest rates would hit profits in the year ahead as the spectre of further job losses hangs over the lender.
Profits for the year to 4 April slumped 46 per cent to GBP 212 million, with the society saying customers lingering on its low mortgage rate were costing it more than GBP 450m a year.See the full content of this document
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Nationwide Fears Low Rate Impact As Profits Fall by Almost a Half
The UK's biggest building society - which rescued Dunfermline Building Society last year in a UK government-bac...
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