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Robert Sinclair: The great mortgage robbery

The proposed fee increases from the FCA should shock and anger firms. They should also worry consumers. These costs have to be passed on. With inflation running at 0 per cent and wages increasing at less than 2 per cent, it takes a special type of organisation to propose increasing its costs by 8.5 per […]

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EU changes to KFI will spark consumer confusion

European changes to the Key Facts Illustration document will create “confusion” among borrowers and could prevent them from comparing deals from different lenders, say experts. The mortgage credit directive comes into force on 21 March 2016 and replaces the KFI in the UK with a new European standardised information sheet. The FCA has given lenders […]

Alliance Trust Savings buys Brewin’s Stocktrade for £14m

Alliance Trust Savings has bought Brewin Dolphin’s Stocktrade, adding more than £4.6bn in assets, in a bid to make ATS more profitable after a public battle with shareholders on the future of the business. The company has bought Brewin’s execution-only stockbroking business for £14m, saying the deal gives ATS the ability to scale its operations, with […]

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HSBC to consider ditching UK headquarters

HSBC chairman Douglas Flint has promised shareholders the bank will re-evaluate the location of its headquarters. Speaking at a shareholder meeting in Hong Kong ahead of the bank’s London annual general meeting on 5 May, Flint was asked by investors about the location of the bank. According to reports, Flint said: “We are beginning to […]

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