Tag Archive: lenders
Supermodel wins Kaupthing “set off” dispute
Speechly Bircham has won a case that it says will “throw a lifeline” to people who are involved with lenders that have become insolvent. The City law firm has secured a landmark ruling for supermodel, Elle Macpherson, against liquidated Isle … Read more
BoE director sets out to curb the credit cycle
The Bank of England’s executive director for finanical stability has concluded that there is “…relatively concrete evidence of the credit cycle having real and damaging effects on output”. Delivering a paper at Columbia University Center in the US at the … Read more
UK corporate borrowers look East
UK and European corporate borrowers are beginning to consider the Asia-Pacific (A-P) markets to seek finance, according to a new report from PricewaterhouseCoopers (PwC). The accountancy firm suggests that Asian banks are increasing the scope of their lending and expanding … Read more
FSA: new measures on mortgage lending
The Financial Services Authority (FSA) has outlined proposed new measures aimed at ensuring all mortgage lenders get back to the basics of responsible lending. They include imposing affordability tests for all mortgages, making lenders ultimately responsible for assessing a consumer’s … Read more
Lenders more aggressive towards indebted Londoners
Capitalise, the London-wide partnership of debt advice and homeless charities, has published a new report which “unveils a grim picture of debt in the capital”. The study, entitled “Up to our neck in it”’ found that personal debt is deeper … Read more
FSA chief disappointed at lenders’ reactions to PPI mis-selling
The chief executive of the Financial Services Authority (FSA), Hector Sants, has told the members of a Treasury Select Committee that progress made so far by firms selling payment protection insurance (PPI) to rectify mis-selling, has been disappointing. The insurance … Read more
Lenders argue for extension of Special Liquidity Scheme
The SLS has provided regular injections of cash and an agreement whereby banks are able to use a range of assets as security, including securitised bonds backed by mortgages, and credit card debt. However, Libor (the rate at which banks … Read more