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Week in Numbers

92% – The percentage of financial services firms that believe retail banks need to do more to improve their reputation, a Cicero poll shows.

20% – The number of wealthy Britons who have spent more than one month overseas in the past year, Lloyds TSB International research shows.

0.25% – The percentage the People’s Bank of China cut its deposit and borrowing interest rates by to boost growth.

$275m – What ex-Bear Stearns executives will be have to pay to settle misconduct allegations from a 2008 shareholder lawsuit.

819 – The total number of amendments proposed by MEPs to the controversial European mortgage directive.

50% – The number of people currently renting who believe they will never own a home, according to the Safestore Moving and Improving Index.

20,980 – The number of jobs lost from the 16 biggest retailers since the start of 2011, figures from Deloitte and trade body R3 shows.

-0.1% – How much the Bank of France expects the French economy to shrink in Q2 2012, down from the zero growth it previously predicted.


MoJ issues warning to firms over complaints

The Ministry of Justice is warning claims management firms they face enforcement action if they do not deal with complaints properly. In its June newsletter to claims companies, the MoJ, which regulates the sector, says it is in the process of issuing formal warnings to the worst offenders. The newsletter defines a complaint as any […]

Weighing up the cost of capital requirements

The impact of events in Europe on the cost of funds and the speed of deleveraging continues to overshadow the mortgage market. A few weeks ago the monthly mortgage data looked slightly better than expected but this is likely to change in the coming months.

Marketwatch – June 2012

The rain in Spain stays mainly, well, everywhere at the moment, as eurozone leaders run around like headless chickens trying to sort out what to do next.

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


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