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Profits rise at treasury-owned 'bad bank' UKAR

Profits have risen at UKAR, the Treasury-owned organisation set up to take on the unwanted mortgage book from Northern Rock and Bradford and Bingley, by £186m, according to figures released today.

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Profits up at taxpayer-owned UKAR

Profits have risen at UK Asset Resolution, the company set up by the Treasury to take on the unwanted mortgage book from Northern Rock and Bradford & Bingley.

ITV News Business Editor Joel Hills is following developments.

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