UK Mortgages rates and deals

Hedge fund managers and private equity bosses rounded on European Commission plans for sweeping new regulation of their industries, warning that the proposals threatened to cripple businesses

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Angry criticism from all sides has greeted EU proposals to regulate “alternative investment funds” with private equity and hedge fund managers claiming it will profoundly damage their industry and some politicians saying the proposed rules are too lax.

Van maker LDV has applied to enter administration, as it struggles to find additional funding.

LDV, which is owned by Russian oligarch Oleg Deripaska’s GAZ group will enter administration next week, the Birmingham-based vanmaker said, after failing to secure funding from a management buy-out

Under a new federal program, homeowners can now get relief on home equity loans as well as mortgages.

SHANGHAI (Reuters) - Bank of Communications (BoCom), China’s fifth-largest lender, said on Tuesday it aims to expand into insurance and securities businesses in mainland China as lending and profit growth slows amid a cooling economy.