UK Mortgages rates and deals

April 23, 2009

BofA ‘threatened’ over Merrill deal

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 11:12 pm

Bank of America’s chief executive, Ken Lewis, only agreed to complete the acquisition of Merrill Lynch
this year after federal regulators threatened to replace him and his board if BofA balked on the deal, New York’s attorney-general said in a letter to federal officials

EU adopts insurance rules as re-regulation continues

Filed under: Bridging Finance — Phill Taylor @ 11:12 pm

STRASBOURG, France (Reuters) - Europe adopted rules intended to cut risk in the insurance sector and better protect policyholders, as part of efforts to restore investor confidence shaken by the worst crisis since the Great Depression.

MPC member backs 100 per cent mortgages

Filed under: Bridging Loans — Phill Taylor @ 11:12 pm

MPC member backs 100 per cent mortgages

Obama pledges to support protections for credit card borrowers - USA Today

Filed under: Bridging Finance — Denis Green @ 11:12 pm


ABC News

Obama pledges to support protections for credit card borrowers
USA Today
By Gerald Herbert, AP By Kathy Chu, USA TODAY President Obama pledged Thursday to support legislation to protect credit card borrowers from unfair rate increases and abusive fees, and to crack down on issuers who engage in deceptive lending practices.
Video: Obama Pledges Protections for Credit-card Users The Associated Press
Obama Demands ‘Clarity and Transparency' on Credit Bloomberg
MiamiHerald.com - Christian Science Monitor - The Associated Press - Reuters
all 1,835 news articles

Sign of the Times

Filed under: Bridging Finance — Denis Green @ 11:12 pm

Karl Burke posted a photo:

Sign of the Times

An empty billboard in Rathmines, Dublin mirrors many others in buses and trains as the recession hits the advertising industry. On the other hand, if you look at it upside down, it’s a bit like the new U2 album cover !

Fiat in talks to buy GM Europe

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 5:11 pm

Fiat is in talks to buy GM Europe, which includes the Opel and Vauxhall marques, as talks with Chrysler, the heavily indebted US carmaker continue

Grade to step down as ITV chief

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 11:11 am

The move, which will see a succession race starting immediately for the top job in UK television, comes after heavy pressure from some shareholders for Mr Grade to set a timetable for his own departure

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