UK Finance News

The Financial Services Authority (FSA) have outlined plans for UK financial institutions and insurance companies to provide consumers with details of customer complaints.
The FSA propose that the public would be given access to data regarding the number of complaints received, the main products or services generating the complaints and the outcome of those complaints.
Companies generating [...]

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The UK’s biggest building society Nationwide have confirmed that have been offering existing customers who are in negative equity but want to move house, the opportunity to take out loans of up to 125% of the value of the new home.
Nationwide say that they have been offering the 125% mortgage deal since early June as [...]

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Following meetings last month between the European countries that produce Airbus jets, where it was agreed in principle to provide financing for the Airbus A350 XWB model, the UK government has announced that it has made an offer to the group, but have given no further details.
What is clear is that Germany will provide 1.1billion [...]

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The Financial Services Authority (FSA) say that under a proposed  new scheme, some of the fines that it hands out for breach of market regulations could treble in size, if the proposals are adopted for regulation in 2010.
The new approach is designed to permanently change the behaviour of those who breach market rules by imposing [...]

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Chancellor Alistair Darling has warned UK bankers not to slip back into their old ways as though the financial crisis had never happened as he promises a much tougher regulatory system to control banks.
Darling did not mince his words in an interview with The Independent when he said; “There are people who are too complacent [...]

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