Leeds Building Society has loosened its interest-only criteria and now lends up to 75 per cent LTV on a part and part basis. Previously, the lender offered interest-only mortgages to a maximum LTV of 50 per cent. Now, however, it will lend to 75 per cent LTV, with a maximum of 50 per cent LTV […]
An error by the Bank of England overstated the amount of government bonds it sold by £13.4bn. A notice of error was posted on the bank’s website explaining that a clerical error led to it stating that £28.2bn of British government bonds had been bought by foreign buyers in February when the actual figure was […]
Natixis Global Asset Management has seen a net income increase of 25 per cent to €331m (£246m) in the first quarter of 2015, helped by new net inflows in its asset management unit. The group saw a record €19bn of net inflows in the asset management business of which €8bn was in Europe and €11bn […]
Former Goldman Sachs chief economist Jim O’Neill is to be made a peer and will help shape the Government’s devolution plans as commercial secretary to the Treasury. In a speech in Manchester yesterday, Chancellor George Osborne announced O’Neill – who coined the term Brics to describe emerging economies – would be placed “right in the […]
Walter Price, senior portfolio manager, Allianz Global Investors, discusses where he sees the main opportunities in 2017, exciting growth companies and artificial intelligence developments, and the impact of the rise in prices of tech stocks.
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