can you give examples possibly like northern rock?What is the effect of sub prime mortgage crisis on the banking sector?
It has completely devastated the banking sector. In the UK we've seen the disappearance of a large number of finance houses such as db mortgages, mortgage express. We've seen a large number of m %26amp; a. We've seen the government buy large stakes in some lenders: RBS, Northern Rock, Lloyds.
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