Mortgage affordability to be examined

Charterbridge

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Mortgage affordability to be examined

Mortgage affordability to be examined
The Bank of England is scrutinising the affordability of mortgages and the lending policies of banks after taking steps last week to cool the housing market.
The Guardian, p. 30

RBS blames Fred the Shred for card fiasco
Royal Bank of Scotland has pointed the finger at past executives, including disgraced former chief executive Fred Goodwin, for the computer failings that left more than a million customers inconvenienced on Monday night. Banking experts confirmed that RBS under Mr Goodwin had not invested sufficiently in its computer systems.
The Times, p. 17
Also appeared in : City AM London, p.3, Independent i, p.10, Independent i, p.2, International New York Times, p.1, The Daily Telegraph Business, p.5, The Guardian, p.1-2, The Independent, p.16

Co-op’s advisers defend role in botched Lloyds branch sale
The Co-operative Bank’s advisers on its aborted attempt to buy 632 Lloyds branches defended their part in the botched sale yesterday, insisting their advice was robust.
City AM London, p. 3
Also appeared in : Independent i, p.40, The Guardian, p.24, The Independent, p.49

Banks feel pressure on avoidance
Banks face a Government deadline today to sign up to a code on tax avoidance.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 2

Banking giants face rate-rigging fines
European Union competition authorities are set to hit some of the world’s biggest banks with large fines over allegations they were part of a cartel involved in rigging benchmark borrowing rates used to set the price of trillions of dollars of financial products.
The Daily Telegraph Business, p. 1
Also appeared in : City AM London, p.1

Bank tipped to unwind QE if growth improves
Sir John Grieve, a member of the The Times’ Shadow Monetary Policy Committee, has said that the Bank of England could start unwinding its quantitative easing programme in the new year if growth continues to improve. Geoffrey Dicks, another member of The Times’ MPC, said that Threadneedle Street had never made a change to monetary policy at the time of a Budget or Autumn Statement.
The Times, p. 48

Central bank in fraud warning
The Bank of Jamaica warned yesterday that criminals had been using its name and the names of its officers to defraud unsuspecting individuals.
Independent i, p. 41

The above articles appeared on 04/12/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.