News
SFO launches investigation into adviser who gambled clients’ £70m away
In the latest twist to the story involving the missing City adviser, Nick Levene – who has been declared bankrupt and hit with allegations of losing millions of pounds of his wealthy clients’ money – it has been reported that the Serious Fraud...
27th October, 2009 • more >
Property rich list tycoons see fortune cut in half
Over the last two years the commercial property market has been hit hard by falling prices, yet it would appear that the portfolios of the UK’s wealthiest property investors have taken even more of a battering. Whilst...
27th October, 2009 • more >
New home prices fall
The average price of a new home fell by 2.3% in September but annual growth showed continued improvement, with the rate of decline decreasing for the fourth consecutive month to -10.2%, according to SmartNewHomes.com. Having predicted that the early...
27th October, 2009 • more >
Standard Life Bank to be sold
Standard Life has revealed it is to sell its UK mortgage and savings business, Standard Life Bank, to Barclays in a deal worth at least £226 million. The recent economic downturn has seen limited lending activities through Standard Life Bank. With...
27th October, 2009 • more >
FSA reveals new disclosure code
The major UK-headquartered banks have agreed to implement a tough new code for financial reporting disclosure, the Financial Services Authority (FSA) has announced. The code forms part of proposals designed to enhance investors' confidence in...
27th October, 2009 • more >
Chief Economist's Weekly Brief 26 October 2009
Despite the increasingly optimistic tone of data releases in recent months, the UK economy remained mired in recession in...
26th October, 2009 • more >
UK plunges into longest recession on record
The UK is currently in the midst of its longest ever recession, after figures showed that the economy contracted once again between July and September. Data from the Office for National Statistics (ONS) has revealed that gross domestic product (GDP)...
26th October, 2009 • more >
Building societies retain consistency crown
Building societies have continued their dominance of the Moneyfacts Consistency Survey, accounting for almost four in five of the best deals in the savings market. Figures from the research have revealed that some 77% of the most consistent savings...
26th October, 2009 • more >
Interest in commercial property rises sharply
It would appear that the commercial property market is finally enjoying a bright spot after two years of tumbling values and turmoil. The Investment Property Databank UK index figures for September recorded an increase of 1.1% in property...
22nd October, 2009 • more >
Another broker banned in mortgage fraud hot spot
The Financial Services Authority has banned an East London mortgage broker, Tomilola Omolola Ogunmoye, for knowingly submitting false and misleading information about her income to four lenders to obtain mortgages for herself. The FSA said...
22nd October, 2009 • more >