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A&L to launch £5.5bn RMBS

Alliance & Leicester is to become the fourth UK bank to launch a residential mortgage backed security since the financial crisis, believed to be in the region of £5.5bn.

The deal will use a master issuer programme, which is the predominant form for prime UK RMBS.

Since September, Lloyds has issued £6.5bn in two deals, while Nationwide has issued £3.15bn.

A&L was unavailable for comment.


Cable rails at state banks’ funding role

Liberal Democrat Shadow Chancellor Vince Cable has hit out at the Government for allowing nationalised banks to help fund international takeovers when they should be supporting British businesses.


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