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Bear could have slain big three

According to an analysis by JP Morgan Chase, the Bear Stearns debacle earlier this year could have brought down Lehman Brothers, Merrill Lynch and Morgan Stanley.

It says that each firm’s exposure meant that all three could have failed if Bear had not been rescued.

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Prestbury confirms PTFS talks

Prestbury has officially confirmed it is in talks to transfer around 80 of its appointed representatives to Personal Touch Financial Services two days after takeover negotiations were revealed.

Insurer says senior CML heads should roll

Payment protection insurer Burgesses is calling for disciplinary action at the Council of Mortgage Lenders for ineffective lobbying to protect lenders.

Accord scraps products within 24 hours

Accord has pulled its prime existing borrower transfer range within 24 hours of it launching, blaming unforeseen circumstances.

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.

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