Northern Rock admitted one in 10 repossessions in the UK last year were from its books as it posted losses of 1.3bn for 2008. Up to 8,500 of its Together borrowers are in arrears and almost 3,000 were repossessed.
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
Former 1825 executive and financial planning director Ian Howe has launched his own firm under the Best Practice network after exiting the Standard Life Aberdeen-owned advice arm 12 months ago. Howe’s Windsor-based firm, Druthers Financial Planning, was set up last October and is still in its early stages. According to the FCA register, Howe is […]
A weekly account of the curious goings-on in the world of financial services Do you hear what I hear?WSJ knows that many an interesting piece is part of the wider puzzle that makes up how a financial services company markets itself. In the case of HSBC, this includes music. While browsing around on Twitter this […]
Lloyds Bank and Schroders have appointed a nine-person executive team under incoming chief executive James Rainbow for their advice joint venture, Schroders Personal Wealth. Rainbow’s position, along with that of Scottish Widows chief executive Antonio Lorenzo as chair, were revealed last October. The executive team are internal hires from the two companies: Executive Former position […]