The shocks keep coming. As the City reels from the enormity of HBOS’ losses and the subsequent market reaction that sent Lloyds Banking Group’s shares tumbling surely shareholders are entitled to question what happened to due diligence.
Lloyds Banking Group has confirmed it is holding talks with the government to set down terms for its take-up of the Treasury’s Asset Protection Scheme.
The Financial Services Authority last week appointed Mark Norris as chief operating officer.
Northern Rock is to boost its mortgage lending, with up to £14bn in new loans by 2011, a move which could see it return to the 90% LTV market.
By Simon Halifax, senior marketing consultant For a few years now, mortgage advisers have probably been warning their clients that there’s only one direction that the interest rate is going and that’s up (well, I know mine has!). However, the financial landscape changed when the UK voted to leave the European Union last month and […]
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