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Q1 repossession figures static, says CML

The number of repossessions in the first quarter of 2012 was 9,600, according to the Council of Mortgage Lenders.

The figure is roughly the same as the first quarter, breaking a recent trend of year-on-year increases.

Repossessions in Q1 were higher than the 8,700 that took place in Q4 of 2011, but this represents a normal seasonal pattern.

The trade body says that overall the repossessions landscape appears stable for the time being.



FCA says banks must put customers before profit

Financial Conduct Authority chief executive designate Martin Wheatley says the FCA will be focused on ensuring banks put customers’ interests ahead of profits under the new regulatory structure. Speaking at a Chartered Institute of Bankers in Scotland event in Glasgow last week, Wheatley said returns for shareholders should be driven by “good profits rather than […]

Into Africa

Emerging market pioneer Mark Mobius is convinced that Africa has great long-term potential, reports Joanne Ellul


Aviva’s Moss handed £1.3m exit payout

Outgoing Aviva chief executive Andrew Moss will receive a payout worth almost £1.3m following his decision to quit the provider. Aviva announced Moss’ decision to resign from the post this morning after almost five years as chief executive. Aviva chairman designate John McFarlane becomes executive deputy chairman and from July 1 will be made executive […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]


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