Europe’s banks took further steps on the painful recovery path last year, but non-performing loans still loom over the sector, according to European
Countrywide will launch an online mortgage broker called Mojo Mortgages in partnership with venture builder Blenheim Chalcot early next year.
Larger banks should be following the lead of their challenger bank rivals and serving the niche areas of the mortgage market, according to The Mortgage Hut managing director Chris Schutrups. Over recent years challenger banks such as Bluestone, Kensington, Atom and Secure Trust have all made inroads in the more niche side of the market
Technological innovation will benefit bank customers and money remitters with reduced service costs, but will impact the profitability of banks by slashing money transfer fees and commissions
The UK inflation rate rose to 3% in September – its highest point in over five years. This represented a rise from 2.9% in August and means wages are still stagnating. However Governor Mark Carney narrowly avoided having to write a letter to Chancellor Philip Hammond explaining why inflation was more than 1% outside the 2% inflation target.
Two members of the Bank of England’s Monetary Policy Committee have spoken cautiously about the prospect of a rate rise next month. Bank of England deputy governor Dave Ramsden indicated he is not close to voting for a rate hike because there is little sign of inflation getting out of control, while new MPC member Silvana Tenreyro said she would require more data to vote for a rise on November 2.
John Phillips is group operations director at Just Mortgages and Spicerhaart In the US, people are proud if they have a high amount insured as it means they are looking after themselves and their families and are not a burden on the state.
Jamie Dimon Said He Wouldn’t Talk About Bitcoin Anymore. That Lasted One Day
Brevan Howard, the London-based hedge fund run by billionaire Alan Howard, is launching a new fund to bet on an increase in volatility in the US Treasury market.