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IMLA attacks SLS extension

The Intermediary Mortgage Lenders Association has slammed the extension of the Special Liquidity Scheme as madness since it excludes a number of broker-facing lenders from accessing the plan.

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Spanking Idea

As we all know, when the chips are down you’ve got to take advantage of whatever you have to hand. And one former Lehmans employee has taken this point to its logical but unpleasant conclusion.

Hedge funds hard on needy borrowers

The UK’s most vulnerable borrowers could be subject to the profit-driven whims of unregulated hedge funds, experts warn.

OFT looks into HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.

Central banks pump £100bn into markets

Central banks pumped £100bn into world markets last week to ease the suffering of financial institutions in the UK and around the world.

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