Summary
DEPARTING Abbey bosses are refusing to blame takeover distraction for its weak performance in the mortgage market.
The bank's share of gross mortgage lending dropped to 8.6pc as it bowed out of independent ownership. It had 9pc three months earlier. 'We should have done a better job in a number of areas,' chief operating officer Stephen Hester said.See the full content of this document
Extract
Abbey Battered 'but Bid Is Not to Blame'
He admitted 'an enormous amount' of management time had been devoted to ...
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