President George W. Bush was pleading with Congress in front of the American people last night in an attempt to push through Treasury Secretary Henry Paulson’s $700bn rescue plan.
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.
For some time it’s been clear that 2008 will go down as one of the most turbulent years in financial services history. Nevertheless, the fall of Lehman Brothers, the last-minute sale of Merrill Lynch and HBOS’ demise still came as a shock.
There are already some potential logos for the new ber- lender floating around cyberspace.
Jelf, an independent full-service UK-based brokerage that supports businesses and individuals, has announced its interim results.
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