Tesco Bank has made its long-awaited entry into the broker market. Tesco Mortgage Intermediaries is being offered first through London & Country, then through Legal & General’s Nouveau panel in the coming months. It has trackers starting from 1.35 per cent, two-year fixed rates from 1.67 per cent and five-year fixes from 2.34 per cent. […]
US investment firm Cerberus Capital Management is set to launch Europe’s biggest mortgage-backed securitisation since the financial crisis. The bond is reportedly backed by £6.2bn worth of mortgages originated by Northern Rock, which had to be nationalised in 2008. Cerberus bought £13bn of Northern Rock mortgages off the Treasury in November. It has already sold […]
The FCA says tackling and preventing investment scams will be one of its key priorities for the coming year. In its business plan for 2016/17, published yesterday, the regulator says it is particularly concerned about the harm that could be caused to consumers who fall victim to scams related to their pension. The FCA launched […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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