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Alliance & Leicester to close 46 branches

Alliance & Leicester is closing one in seven of its bank branches, resulting in the loss of 310 staff.

The bank says some redundancies are inevitable although it will look to redeploy as many staff as possible.

A&L says the move reflects the increasing use of telephone and internet banking by its customers.


The lion&#39s share

W ill life providers with electronic application systems such as Legal & General and Friends Provident take the lion&#39s share of the term market and what will this mean for the rest of the market? Carr: L&G already writes more term protection business than anyone else and, along with Norwich Union, Friends Provident are not […]

Abbey introduces home buyer solution

Abbey is introducing a Home Buyer Solution, a package of benefits to help buyers with the cost of moving. It allows first time buyers and home movers to take advantage of free valuation and legal fees. A similar benefits packages is available to remortgage customers. Abbey has also introduced a low-rate variable tracker mortgage offering […]

Look to the private sector

The idea of compulsory insurance aired by the Doctors for Reform group as a solution for the ailing NHS was castigated but a partnership between the private and public sectors would be a positive step. The NHS should consider compulsory insurance. Some of the comments made by Doctors for Reform will, to many, seem extreme […]

Laying my cards on a reshuffle

I am going to take my life in my hands and make some political predictions. I believe we are less than a year away from a general election. Time for some reflection on a likely summer reshuffle, perhaps? Following last week&#39s local and European elections, it is highly likely that the Prime Minister will look […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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