View more on these topics

1,000s of UK jobs could be at risk from potential merger

Thousands of UK jobs could be at risk as a result of any possible merger between HBOS and Lloyds TSB.

Industry sources say that because there are so many synergies between the two firms the human cost could be great.

He says: “There are too many similarities between the two groups for there not be significant job losses if a merger took place.”

Some estimates suggest that should the merger go ahead the number of jobs losses could be as much as 40,000.


Paradigm adds L&E to panel

Paradigm Mortgage Services hasadded London & European to its conveyancing panel. The move means Paradigm members now have access to L&E’s Complete Conveyancing product.

US stocks plunge as Lehmans crumbles

US investment and lending giants saw their share value plunge in opening trading off the back of Lehman Brothers’ bankruptcy.

Sad day for Solent

Solent Mortgage Services has appointed administrators to wind up the business.Paul Robinson, founder of SMS, which launched in 1989, says: “The business geared up for rapid rate of growth given the buoyant market conditions and built an infrastructure, i.e. people, technology, premises, and diverse distribution to facilitate this. “This investment was based on both historical […]

AR firms at risk from limited PI cover

Professional indemnity brokerage PYV is warning appointed representatives that they risk being left without cover if their network folds.

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


News and expert analysis straight to your inbox

Sign up