Silicon Valley Bank UK: What we know (and what we don’t) on Sunday evening SUNDAY EVENING UPDATE The Bank of England is set to put Silicon Valley Bank UK into insolvency as soon as this evening – with tech champions warning that the bank’s collapse could be an extinction-level event for a host of UK firms. This story has been updated as of Monday morning The bank’s accounts are effectively frozen, meaning [...]
Real estate firm takes crucial step in bringing appeal against RBS for mis-selling A real estate company has taken a key step in appealing its case against Royal Bank of Scotland, claiming the bank caused it losses through interest rates swaps mis-selling and Libor manipulation. Property Alliance Group (PAG) has filed for permission for leave to appeal to the Court of Appeal, City A.M. understands. The Manchester-based firm lost its [...]
Court finds in favour of Royal Bank of Scotland in Libor and interest rate swaps mis-selling claims case The High Court has today found in favour of Royal Bank of Scotland as the bank faced claims it had caused a real estate company losses from interest rates swaps mis-selling and Libor manipulation. Manchester-based Property Alliance Group (PAG) was suing the bank for more than £30m, alleging it had been mis-sold four interest rate swap [...]
RBS and Lloyds shares tumble after Deutsche downgrade September 5, 2016 Shares in banks RBS and Lloyds tumbled to the bottom of Britain's blue-chip index today following a downgrade by analysts over at Deutsche Bank. RBS slumped 2.99 per cent to 198.30p per share in mid-afternoon trading, while its peer Lloyds fell 1.92 per cent to 59.79p. Read more: Standard and Poor's attacks negative interest rates as desperate and damaging [...]
How to get on the housing ladder May 20, 2012 THERE is no doubt about it. It’s tough out there for first time buyers. But stricter lending criteria don’t necessarily mean it’s impossible to get on the housing ladder. However, you must know the basics so you can build your decision on strong foundations. DO THE MATHS Incentives matter. It was recently confirmed by the [...]
Santander’s AA mortgage deal shows appetite for securitisation May 17, 2012 BANKING group Santander UK said yesterday it had raised £2.25bn through a residential mortgage-backed securitisation deal. The first AA-rated issuance by a UK institution since before the financial crisis was announced came just hours before the branch had its credit rating slashed by Moody’s. Nonetheless, the UK arm of the Spanish bank has raised £5.25bn [...]