Nationwide estimates its Financial Services Compensation Scheme levy could cost £250m.
In a speech last week Hector Sants, chief executive of the Financial Services Authority, said the regulator would move away from principles-based regulation and focus on a more intrusive and direct style of regulation.
Jim Willens, chief executive of Dunfermline says the society will not be making any comment on speculation that it’s seeking a bailout after reported losses of up to £26m.
Gross mortgage lending in February dropped 60% from the same time last year to £9.9bn, the lowest monthly lending figure since 2001.
George Patellis, the ex-director of Lehman Brothers-owned Preferred Mortgages, has joined Blueprint Lending as non-executive chairman.Blueprint is a commercial lending start-up formed by a group of former members of 5D Finance.Although funding for Blueprint is yet to be secured there are advanced talks with a number of institutional investors. Several entrepreneurs are believed to have […]
By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]