Mervyn King, governor of the Bank of England says that internationally both light and heavy regulatory regimes had failed to reduce the accumulation of risks that produced the current crisis. He called for future regulation to be simple and robust.
The number of households on waiting lists for social housing is set to soar to a record high of almost two million over the next two years, claims figures from the National Housing Federation.
Alliance & Leicester has reported a pre-tax loss for 2008 of £1.29bn, compared to a profit of £399m for the previous year.
The Newcastle office of the Asset Management Group is celebrating its tenth anniversary.
Complete Mortgage and Loan Services has added bridging loans provider Affirmative Finance to its lending panel.
In 2016, Cormac Weldon expects the economy in the US to favour selected smaller companies in housing, airlines and technology.
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