New Century Financial this week became the latest US mortgage lender to be hit by the sub-prime lending crisis after filing for chapter 11 bankruptcy protection. It will cut 3,200 jobs and will resize some operations before a potential sell-off of assets.
Taxation: Simon Hildrey says there were some welcome benefits for overseas property investors in the Chancellor’s final Budget.
The life of a salaried employee of a financial services business need not be devoid of interesting events but I have found the last few months to be particularly stimulating by virtue of the different types of operation I have come into contact with.
The Bank of England has voted to keep interest rates on hold this month at 5.25 per cent.
Meteor Asset Management
Prima Growth Plan
In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]
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The key message for advisers is: check, check and check again
This week marked two significant events for the advice community. It has been a year since the FCA’s asset management market study launched and, of course, the Autumn Budget was revealed on Wednesday. Both, in their own different ways, test how much value advisers can offer for their fees. The FCA is almost certainly right […]
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