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Speculation mounts over Deutsche Bank and Barclays merger

Speculation is mounting that Deutsche Bank, the world&#39s third biggest bank, has set its sights on Barclays as a possible merger partner.

The German bank, which has said it wants to link up with a foreign operator, it believed to have settled on three possible partners including Barclays, Netherlands-based ING and Switzerland&#39s Credit Suisse.

German reports say Deutsche&#39s chief executive Josef Ackermann announced his three choices to the bank&#39s board back in April and that a decision will be made by the autumn.

Barclays, which has announced it is to cut 800 management, support and IT jobs, has indicated in the past that it supports merging with a major European bank.

Barclays declined to comment.


Lighthouse Group to offer Select & Protect products

IFA firm Lighthouse Group has agreed terms with Select & Protect to offer its products across the Lighthouse company. The deal is effective immediately. Select & Protect&#39s products will be delivered through LighthouseLoan, a new service which provides Lighthouse Group&#39s advisers within Berkeley Woodhouse Associates, Temple Financial Planning and Lighthouse Practices with streamlined access to […]

House prices increase by 2.2% in May, Halifax index reveals

House prices increased by 2.2% in May taking the average UK house price to £157,849, the latest Halifax house price index reveals. The survey also shows that the number of first-time buyers as a percentage of all homebuyers dropped back to 28% after successive increases in February and March. This proportion remains well below the […]

Pink launches fixed buy-to-let product with MEX

Pink Home Loans has launched an exclusive fixed rate buy-to-let mortgage in association with Mortgage Express. The product offers an initial pay rate of 5.89% fixed until September 3 2007. The product offers flexible features including overpayments, underpayments and drawdown facilities. Buy-to-let investors can also save £150 off the application/ valuation fee on loans over […]

Lenders downplay petrol inflation sales fears

Lenders are playing down the effect that the cost of petrol shooting up to £4 a gallon will have on the capacity of their sales staff to travel around the country. Jeff Knight, head of marketing services at GMAC-RFC, says: “This won&#39t be a problem but if there was a petrol strike, people would be […]


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