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Mutual bins deals and hikes rates

Nationwide has withdrawn its two-year tracker and fixed rate deals and hiked its remaining fixed rates by 0.2%.

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Win some, lose some

Every cloud, it seems, has a silver lining. In Britannia’s case, the clouds built up in recent times when Neville Richardson, chief executive of the Britannia, had to oversee a senior management re-shuffle when Gerald Gregory, managing director of Britannia Capital Investments, was replac-ed by group finance director Phil Lee.

Mortgage Next Packaging offers 90% prime self-cert

Mortgage Next Packaging is launching a prime self-cert mortgage available to 90% LTV, available with two and three-year fixed rates and two-year tracker options.The product, which is funded by Kensington also offers rate options from 7.24%, on a two-year tracker (BBR + 1.99%), 7.25% on a two-year fixed rate, 7.15% on a three-year fixed rate, […]

BoE governor warns banks face radical change

Banks are “extremely likely” to face radical change and far tougher rules to stave off any future crises, the Bank of England governor has warned.Mervyn King warned of the need to examine banking regulation in a speech to the Bank of Israel yesterday.He says: “The recent challenges presented by the latest episode of financial turmoil […]

Let’s hope stability holds up

David Smith, economics editor of the Sunday Times, says the UK’s challenge is to avoid getting into a US-style situation as the housing market enters an era of uncertainty with a nationalised mortgage lender

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

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