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Bad news over Tesco's failed American business, Fresh & Easy; the profits warning and an £800m property write down in the UK have all taken a toll.
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The society reported bad debt provisions of £65.2m and a £10.9m property write-down charge.
Despite a 19.7% fall in basic net asset value during the half year and a £1.7bn pre-tax loss after hefty property write-downs, the market has welcomed the ending of the demerger uncertainty.
The company was forced to write down property at a cost of $88.5 million, or 54 cents a share, compared with $14.6 million, or 9 cents a share, during the quarter a year earlier.
If you're learning an odd theorem or property, make up and write down some examples that satisfy the preconditions, and see if you can find the results yourself.
All the bad news may not yet be reflected on their balance-sheets; although they have had to take the hit on traded securities, like CMBSs, banks are usually slow to write down property-related loans.
A servicer might, for example, deny a loan modification to a borrower because it also owns a second mortgage on the same property and doesn't want to write down that asset, as required in a modification.
The municipal government promised to write down the casino's property taxes by 95percentt.
Writing down fingering?
The company was forced to write down $245 million in unsold properties, double the amount from a year ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com