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Santander to buy RBS European arm

Santander has agreed to buy the Royal Bank of Scotland’s European consumer lending business, which provides credit cards and loans directly to borrowers in Germany, the Netherlands, Belgium and Austria.

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Cool reception for mortgage review

Two of the Industry’s key trade bodies have lambasted The Financial Services Authority for the unsurprising outcome of the second stage of its Mortgage Effectiveness Review.In findings published last week, the FSA revealed that brokers are central to the sub-prime and lifetime markets.The review also shows that sub-prime and lifetime mortgage consumers see Key Facts […]

Driven

Mole is looking forward to the drive of his life later this week at the PalmerSport driving event at Bedford Autodrome, courtesy of those nice chaps at HBOS

Santander agrees to buy RBS’s European consumer business

Santander, the Spanish parent bank of Abbey, has agreed in principle to buy Royal Bank of Scotland’s European consumer lending business.The company provides credit cards and direct consumer loans in Germany, the Netherlands, Belgium and Austria, and had average assets of €2.2bn and 2.3 million customers last year.

Debt Advice Portal appoints Debt Alliance Limited to panel

Debt Advice Portal has added personal bankruptcy management firm Debt Alliance Limited to its debt solutions panel.Debt Advice Portal says that brokers using its service can now offer clients, who are unable to get a mortgage, access to debt management services including bankruptcy.The firm says debt management solutions are attractive to brokers under the added […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]

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