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This week in…

2011: FSA decides to launch investigation into risk management practices at UBS

2010: Independent Commission on Banking threatens retail and investment bank division break-ups

2009: Lloyds’ capital-raising plan fails FSA test, following first-half loss of £3.1bn

2008: £62bn is wiped off FTSE 100 following Lehman Brothers collapse

2007: Bank of England makes emergency loans of £4.4bn to UK banks

2006: UK borrowing reaches highest levels in 13 years, at £7.6bn

2005: IMF urges chancellor Gordon Brown to curb spending at home

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Gary Styles

Lenders should fight against that boxed-in feeling

We all know the last few years have been difficult for lenders and regulators alike. Unprecedented economic events and financial pressures have turned consumers and lenders into risk-averse and somewhat cautious animals. Learning from any major shock or event is to be welcomed but one wonders whether we are continuing to wage war on yesterday’s […]

4

One in five iPhone users always overdrawn

iPhone owners are more likely to have a lesser paying job than other smartphone users with 20 per cent admitting their bank account is always overdrawn.

Mortgage lending stable in August says CML

Lending figures for August suggest gross lending was stable although weaker than for the equivalent period in 2011. Gross lending amounted to £12.6bn in August, according to figures from the Council of Mortgage Lenders today, representing a 1 per cent decline on the £12.7bn figure recorded for July. This latest data shows a 4 per […]

MS leader: Keep smiling through

The Intermediary Mortgage Lenders Association’s annual bash in September is always a good bellwether for how the industry is doing. In 2007, 2008 and 2009 it was unsurprisingly like attending a wake, with many giving last rites to an industry they judged to be in terminal decline as the economic bad news engulfed not just […]

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