An IFA has attacked sub-prime lenders, claiming those that earn high fees from customers with bad debts could be seen as immoral. Harry Katz, principal at Norwest Consultants, says: “Bad debts used to be a cause for shame but today the government is encouraging debt and bankruptcy by removing the stigma.”
Specialist packager Chaseblue Loans has bought the minority shareholding from Chase UK Corporation for an undisclosed amount.Adrian Whittall, chairman of Chaseblue Loans, which packages commercial, bridging and secured finance loans, says: “We have been discussing this transaction with the directors of Chase UK for sometime. This arose from Chase UK’s desire to focus on its […]
The meeting of the Group of Seven finance ministers and central bankers in Washington over the weekend acknowledged that the downside risks to the outlook persisted “in view of the ongoing weakness in US residential housing markets” and that the turmoil in global financial markets remained challenging and more protracted than they had anticipated.
In a dazzling display of dour predictability the Bank of England todaycut rates by the expected 0.25% to 5.0%.This was a good opportunity to finally take the gloves off and knock atleast a half point off the Base Rate in order to have a more substantialeffect. In reality this quarter point cut will not have […]
UNIFi Partners has thrown open the doors of its unsecured web portal to its lender partners.
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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