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House prices down 2.5% in March

House prices fell by 2.5 per cent in March, the biggest monthly decline since September 1992, according to Halifax.

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HBOS launches Halifax International

HBOS has launched an offshore savings arm for British expatriates resident abroad.Halifax International opens with internet and telephone banking available on two accounts – a web saver account and regular saver account. Both allow savings accounts denominated in sterling, euros or dollars.The regular saver account opens with 7 per cent gross on savings, but does […]

FSA forms internal Northern Rock team

The FSA has formed a team of nine internal staff to implement its recommendations for Northern Rock, following the regulator’s investigations last month.The team, lead by head of supervision for small mortgage firms and credit unions Mandy Spink, will have a month to develop detailed plans for the bank and a year to implement them.During […]

Pain speaking

By the middle of last week, markets were feeling a little calmer and it was beginning to look as though the FTSE was capable of climbing above 6,000. However, the fact remains that news is still not improving. With UBS announcing further write-offs and its chief executive falling on his sword, it is clear that turmoil in credit markets has some way to run yet. In the UK, we saw the fourth consecutive month of falling house prices and the number of lenders withdrawing their mortgage products continues to grow.

The return of emerging markets

Ewan Thompson, Head of Emerging Market Equities, Neptune Although in political terms 2016 will be remembered for the seismic shocks of the Brexit vote and Trump’s presidential victory, the year was also a watershed for the global economy and emerging markets in particular. Following five years in the wilderness, the conditions are now in place […]

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