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Aviva's Stephen Gay gets Cummings' AIFA role
Aviva's director of distribution development Stephen Gay has been named as the new director general of AIFA, replacing Chris Cummings.
MS Poll: Cash flow problems hit 81% of brokers
The latest Mortgage Solutions poll has revealed eight out of ten brokers have suffered credit problems with their bank in the last 12 months.
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Deal on EU-wide financial supervisors agreed
A European-wide Systemic Risk Board and three separate agencies will be set up to monitor securities, banks and insurance companies, but Britain has been assured the deal will not weaken its sovereignty.
Prime London property price growth continues to soften
The annual rate of property price rises in London has fallen from 21% in April to 16% in August, reported Knight Frank.
RBS cuts another 3,500 jobs
RBS has announced a further 3,500 job cuts across England and Scotland in the firm’s technical and back office divisions.
Insurer CEO used £35k of client money to buy car
The FSA has imposed a lifetime ban on David Marriott, the former chief executive of two insurance intermediaries, for persistent misuse of client money.
90% of landlords in South East will be hit by government rent caps
A survey suggests a third of social tenants could be made homeless and 90% of landlords in London and the South East will be affected by the upcoming changes in housing benefit legislation.
Hargreaves: Raising rates could spell disaster for industry
Rising interest rates could lead to a surge of repossessions, with many people simply walking away from their homes rather than pay mortgages, Peter Hargreaves has claimed.
AFI cuts rates at 80% LTV
Abbey for Intermediaries (AFI) is set to launch an exclusive two-year fix at 3.09% available up to 60% LTV.
Coventry BS finalises merger with Stroud & Swindon
Coventry Building Society has completed its merger with Stroud & Swindon Building Society, in a deal that will migrate 200,000 customers and cut their mortgage interest rates.
Yorkshire BS drops first-time buyer rate
Yorkshire Building Society has reduced the rate of its first-time buyer mortgage to 5.59% after seeing a surge in demand for the product since June.
Former Lehman chief blames US regulators for collapse
Former Lehman Brothers CEO Dick Fuld believes the investment bank may have been able to survive if US authorities had given it the same assistance as its rivals.
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Number of FSA staff earning £100k or more triples in four years
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Mortgage Solutions Poll: Will further house price falls boost the industry? Vote now
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BoE to hold rates until Q2 next year, say economists
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MS Blog: Should we be buying property for our children now?
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Insurer CEO used £35k of client money to buy car
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MS Poll: Cash flow problems hit 81% of brokers
Deal on EU-wide financial supervisors agreed
Mortgage Mutterings - The week that was 31 August - 03 September
Aviva's Stephen Gay gets Cummings' AIFA role
Prime London property price growth continues to soften