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B&B reveals £38m in write-downs

Bradford & Bingley has revealed write-downs of £38m in Q1 2008. The losses were recorded in the lender’s structured finance portfolio, which features collateralised debt obligations.

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UBS may cut 8,000 jobs

UBS is expected to cut 8,000 jobs when it reveals its Q1 results on May 6.

Good news for KGB volumes

KGB Packaging has reported a 30% rise in the volume of submitted cases during the past month compared with its monthly average.

PMPA enhances due diligence procedures

The Professional Mortgage Packagers Alliance is to have greater information sharing by members and other stakeholders, which will enhance its due diligence procedures. Following a series of high profile packager failures within the sector, including membership of other packager groups, PMPA is actively working towards providing greater support to its member firms and their brokers. […]

Cameron calls for lender-funded advice service

Conservative party leader David Cameron has proposed a £50m social responsibility charge be levied on lenders to subsidise a free consumer finance advice service.

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]

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