Why banks can't afford to dump underwater property deals - Citywire.co.uk

Why banks can't afford to dump underwater property dealsCitywire.co.ukby David Campbell on Apr 26, 2012 at 00:01 But in the case of property deals written before the credit crunch, rates set near zero have created a feedback loop preventing a normalisation of the market and artificially suppressing property yields.Cost of breaking swap contracts soarsIrish Timesall 2 news

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