View more on these topics

JC Flowers eyeing up UK mortgage books

JC Flowers, the American private equity firm, is reported to be looking to buy UK mortgage books.

The Daily Telegraph reports that the firm has moved onto its “Plan B” for the UK market after it lost out to Virgin Money in the £1bn auction for Northern Rock.

The paper also reports that the move follows its failure to secure the purchase of Principality Building Society, which it had hoped to merge into its OneSavings Bank vehicle, which was formed from its acquisition of the Kent Reliance Building Society last year.

According to the newspaper, the firm has £1.5bn to invest in the UK financial sector.



Treasury launches EU gender directive consultation

The Government has launched a consultation outlining how the European Court of Justice’s decision to ban gender pricing in insurance contract will affect the UK. The Government reiterates its view that the judgment, which will take effect from December 21, 2012, will not apply to existing contracts before that date. It is now seeking feedback […]


Chris Gilchrist: Bad start for FCA over competition rules

Converting the FSA to the FCA should amount to more than changing a letter and shuffling who sits where. MPs agree and so does Lord Turner. But they do not agree on what the objectives of the FCA should be. And if they cannot be clear about that, there is little hope we will end […]

AS 2011: Fear that euro crisis could hit UK growth

Chancellor George Osborne says if European leaders cannot find a solution to the European sovereign debt crisis, the Government’s new growth forecasts could be far too optimistic. This week, the Office for Bud-get Responsibility said it expects growth in the UK to dip from 0.9 per cent this year to 0.7 per cent in 2012 […]


IMA sets up consumer comparison site and may add risk ratings

The Investment Management Association is setting up a fund comparison website for consumers and is considering developing risk ratings for funds in the managed sectors. The site, set for launch in March, will enable investors to compare funds using searches based on minimum investment, minimum monthly savings and IMA sectors. A spokeswoman says the IMA […]

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment