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Prestbury promotes Maggie Cresswell to board

Prestbury has appointed group compliance officer Maggie Cresswell to its board.

Chief executive officer Lee Birkett says: “I am very pleased to announce the appointment of Maggie to the PLC Board. Maggie has been the group compliance officer at Prestbury for 5 years. This appointment is recognition of Maggie’s work to date and reaffirms our commitment to the ongoing assessment and the PLC Board’s implementation of the FSA Treating Customers Fairly initiative.”

Cresswell will work more closely with the plc board to ensure regulatory issues are a high priority and to deal with the fast moving changes in the regulatory environment.


Treasury seeks valuer for Rock

The Treasury is advertising for an independent valuer to assess any compensation that may be due to Northern Rock shareholders after its nationalisation in February. Closing date for applications is July 4.

B&B at boiling point?

The statement by Bradford & Bingley this week that arrears in its more recently acquired mortgages from GMAC have been higher than anticipated raises some interesting questions.


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