September 2013 - Charterbridge

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Monthly Archives: September 2013

Bank watchdog aims to avoid housing bubble

Bank watchdog aims to avoid housing bubble The Financial Policy Committee (FPC) yesterday said it will keep a close eye on the housing market in a bid to prevent a new bubble emerging that could derail the recovery. The FPC, which is the Bank of England’s financial stability watchdog, said it would “closely monitor developments […]

Citi to cut 1,000 jobs from slowing mortgage business

Citi to cut 1,000 jobs from slowing mortgage business The refinancing index published weekly by the Mortgage Bankers’ Association has plummeted by 70 per cent since September last year. This abstract from the Financial Times was produced by Kantar Media Financial Times Companies and Markets, p. 18 CITY MOVES City appointments column, Barclays has recruited […]

Goldman restructures electronic bond trading platform

Goldman restructures electronic bond trading platform Goldman Sachs is restructuring it’s electronic bond trading platform. This abstract from the Financial Times was produced by Kantar Media Financial Times Companies and Markets, p. 24 UK housebuilding surge predicted New figures have revealed a sharp pick-up in planning applications for new homes. An increase in private homes […]

Weekend economic news round up

Hedge funds force Co-op to consider bank flotation Aurelius Capital Management and Silver Point Capital, two US hedge funds, have convinced the Cooperative Bank to establish an independent committee to review their plans to turn the mutual into a listed company. The Guardian, p. 43 Money isn’t everything, even when you’re investing Terry Smith, boss […]

OFT hits out at ‘poor value’ pension schemes

OFT hits out at ‘poor value’ pension schemes Pension schemes are poor value for money and may risk leaving millions short of cash when they retire, according to the Office of Fair Trading (OFT). The watchdog plans a shake-up of the system to ensure savers get better outcomes. It has asked the Department for Work […]

‘Rip-off’ pension fees to end

‘Rip-off’ pension fees to end It is expected to be announced today that pension savings could be freed from “rip-off” fees under the biggest shake-up of the industry for years. The Office of Fair Trading wants to see management costs capped at no more than one per cent after an investigation found hundreds of thousands […]

Hard-hit savers find other ways to beat inflation

Hard-hit savers find other ways to beat inflation Beleaguered savers struggling to beat high inflation are being urged to look at other ways to make their money work hard, writes Esther Shaw. Daily Express, p. 31 Your top Isa deal now pays a paltry 0.5pc Savers lured by top-paying cash Isas last year should look […]

$18bn pensions windfall lost

$18bn pensions windfall lost Pension funds have lost billions in unclaimed damages over the past 12 years, new research shows. This abstract from the Financial Times was produced by Kantar Media Financial Times FT fm, p. 2 Housing shortage will ignite price surge Rightmove, the property website, is predicting a surge in house prices this […]

Weekend Economic news round up

Be a rate tart to dodge the ‘Teaser’ account trap The Financial Conduct Authority is mounting an investigation into controversial “teaser” rates for savers. The Times, p. 63 Also appeared in : Financial Times Money, p.2 Middle-waged to get burned in retirement Pensions minister Steve Webb has warned that up to 12 million people will […]