View more on these topics

Failing firms should be left to go under

Lloyds TSB’s takeover of HBOS is old news now but I’d like to say I’m in the non-interference camp. I think that if something is beyond repair we should let new businesses arise from the ashes.

I am familiar with the argument that we need market stability but what happens when there’s just one big conglomerate left and it falls?

The public must be looking at the financial services industry and wondering why it is always treated as a special case.

For example, I recently read that Northern Rock has appointed an auditor to oversee the compensation to be paid to its shareholders. How do compensation and shareholding go together? You take a risk and live well when the going is good, but die by the sword when things go the other way.

After all, if you bet on a horse you don’t ask for your money back when it loses.

Ian McIver

Managing director

The Whitechurch Network

By email


Staff training vital to business success

Any analyst worth their salt will tell you that good leadership can make or break a company. Recent events have brought into sharp focus the fact that strong leadership is even more critical in turbulent times and has a particular relevance for those in the mortgage industry.

NACFB issues warning over upfront fees

The National Association of Commercial Finance Brokers is warning brokers about the dangers of some lenders charging large upfront fees.

Landlords not selling up says ARLA

Over three quarters of those questioned for the third quarter Association of Residential Lettings Agents Review and Index say they will not sell their investments because of falling house prices.


News and expert analysis straight to your inbox

Sign up