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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 »