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Mortgage Solutions preview 12/3/10
Reporter Stephen Quigley previews the latest issue of Mortgage Solutions.
Northern Rock reports improved losses
Northern Rock has recorded a statutory loss of £257m for 2009, an improvement compared to a loss of £1.4bn recorded in 2008.
State funded banks too uncompetitive: Moneyfacts
State funded banks are becoming less willing to increase their competitiveness, according to Moneyfacts.
Other Northern rock articles
Government ends Northern Rock 100% savings guarantee
The Government’s 100% retail savings guarantee for Northern Rock customers will end and the Financial Services Compensation Scheme (FSCS) will now protect savers.
Northern Rock may buy Lloyd and RBS branches
Northern Rock could buy the branches of Royal Bank of Scotland (RBS) and Lloyds Banking Group
Treasury slammed for secrecy on bail-out
The Committee of Public Accounts has criticised the Treasury for secrecy over the loans provided by the Bank of England to Royal Bank of Scotland (RBS) and Halifax Bank of Scotland (HBOS).
Rock could end 100% savings guarantee
The Government is believed to be considering removing the 100% deposit savings guarantee for customers of Northern Rock as the next stage of its overhaul of the nationalised bank.
Virgin Money confirms plan to enter high street
Virgin Money has confirmed its interest in buying the assets of Northern Rock, Lloyds Banking Group (LBG) and Royal Bank of Scotland (RBS), as part of its plans to move into retail banking.
New bank set to launch into UK
A new retail, mortgage and savings bank called The Home and Savings Bank will be launched this year.
125% LTV to blame for Rock arrears
Northern Rock has revealed that its 125% LTV mortgages account for its large number of arrears and repossessions.
Lloyds-HBOS will prove to be a good deal: Daniels
The Lloyds-HBOS deal was a very good deal for shareholders and will prove to be in the medium term, according to Eric Daniels, chief executive of Lloyds Banking Group (LBG).
Virgin acquires Church House Trust
Virgin Money has taken the first step towards becoming a fully-fledged retail bank by acquiring Church House Trust (CHT) for £12.28m.
A&L topples HSBC as most competitive lender in Q4
Alliance & Leicester (A&L) was the most competitive lender ranked on best buys in Q4 2009 which points to the continuing strength of the broker market, according to the Q4 Lender of the Quarter analysis from Evaluate Technologies.
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