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FSA demands overhaul at Barclays, reports

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FSA chairman Lord Turner has demanded an overhaul at Barclays, after approving the appointment of new chief executive Antony Jenkins, Sky News reports.

A letter is understood to have been sent to Barclays chairman-designate David Walker that warns of continued focus on Barclays.

Sky News reports the regulator has told Barclays it wants the bank to continue to focus on tightening risk management procedures, but has not demanded a reduction in size of its investment banking business.

The bank has been at the centre of a number of scandals recently, including Libor manipulation scandal, payment protection insurance mis-selling, and an ongoing investigation into its capital raising from Qatari investors.


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Dragonfly Property Finance completes bridging loan in four days

Short-term lender Dragonfly Property Finance has completed a £840,000 bridging loan in four days. A limited company, introduced to the lender by brokers Mortgage Centre IFA, secured the loan against a leasehold flat. Dragonfly, which took the loan from enquiry to completion in four days, will be repaid on sale of the flat. Mortgage Centre […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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