UBS has reported a new asset writedown of 9.6bn, more than doubling its total writedowns as a result of the sub-prime crisis to around 18.5bn.
When the sub-prime crisis first broke in the US, there was an outbreak of collective smugness from the mortgage industry in this country.
A few weeks ago, after one of those industry seminars which you find yourself attending for some mysterious reason and then wonder why you bothered, an IFA asked me what criteria I use to decide what topic to write about this column.
This year is likely to see a rise in discrimination claims after some interesting developments in this area of the law.
The FSA’s internal report into the Northern Rock crisis has revealed a startling catalogue of regulatory failures, including basic mistakes such as not recording key meetings.The report by its internal audit division, covering supervision of the bank between January 1, 2005 and August 9, 2007, when the crisis became apparent, uncovers huge failings on the […]
Mark Martin, Manager of the Neptune UK Mid Cap fund Brexit news has caused a wave of turbulence across financial markets, with both UK equities and sterling plummeting in the immediate aftermath. UK mid-caps have borne the brunt of the selling so far, with housebuilders and banks being two of the worst performing sub-sectors. However, for […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]