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A service for Realtors · Wednesday, February 26, 2020 · 510,624,087 Articles · 3+ Million Readers
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Bradford & Bingley News Monitoring

  • Published on Feb 9, 2020

    Free 'mortgage prisoners' trapped on high rates, MPs tell City watchdog

    Andrew Bailey, the head of the City watchdog and future Bank of England Governor, will face pressure this week to do more for the hundreds of thousands of “mortgage prisoners” trapped on high interest rates. Conservative MP Kevin Hollinrake and Labour’s …

    Source: Telegraph.co.uk
  • Published on Feb 5, 2020

    This is why Martin Lewis is campaigning to free 170,000 mortgage prisoners

    CONSUMER rights champion Martin Lewis has today launched a campaign to provide justice for an estimated 170,000 mortgage prisoners. Mr Lewis, who founded the consumer website MoneySavingExpert.com (MSE), is supporting a study which aims to highlight the …

    Source: Yorkshire Post
  • Published on Feb 17, 2020

    REFILE-UPDATE 1-UK picks Charles Donald to run agency managing RBS stake

    (Removes ambiguous wording in para 4) LONDON, Feb 17 (Reuters) - UK Government Investments, which manages taxpayers’ stake in Royal Bank of Scotland, has appointed Charles Donald as Chief Executive. Donald, a former Credit Suisse banker, is currently …

    Source: Reuters
  • Published on Jul 22, 2019

    Bradford & Bingley chiefs defer bonuses

    Bosses at nationalised lender Bradford & Bingley have deferred bonuses, despite the bank performing better than expected in 2009. In 2009, B&B’s chairman Richard Pym waived his entitlement to a guaranteed bonus of £187,500 and managing director …

    Source: Telegraph & Argus
  • Published on Jul 22, 2019

    Managing director of Bradford & Bingley says company has moved out of red and made a ‘profit’

    Nearly 1,000 staff at Bradford & Bingley’s Crossflatts office will remain in the Aire Valley once the nationalised mortgage business becomes part of a new operation with part of Northern Rock. Over the next 18 months B&B bosses will focus on …

    Source: Telegraph & Argus
  • Published on Jul 19, 2019

    Yorkshire MP Philip Davies calls for independent inquiry into ‘shabby treatment’ of Bradford & Bingley shareholders

    A YORKSHIRE MP is supporting calls for the new Prime Minister to launch a public inquiry into the events surrounding the nationalisation of Bradford & Bingley during the height of the financial crisis. Members of the Bradford & Bingley Action group …

    Source: Yorkshire Post
  • Published on Jan 30, 2020

    IW's 25th anniversary: A 25-year rollercoaster ride

    This week marks the 25th anniversary of the launch of Investment Week, and the first step of the journey towards creating a long-lasting and successful business.  I remember the first issue as if it were yesterday. The story behind the launch follows my …

    Source: Investment Week
  • Published on Jan 30, 2020

    Tough times for British arm of Spanish banking giant Santander

    These are not easy times to be running a bank in the UK. Ultra-low interest rates hammer profits because they lead to what is called "margin compression" in the jargon - reducing the spread between what banks charge borrowers and pay savers. In …

    Source: Barcelona News
  • Published on Sep 25, 2019

    Mortgage Advice Bureau latest firm to back Give Bradford 100 Club

    SUPPORT for the Give Bradford campaign continues to strengthen among the district’s business community, with another firm pledging its support to the charitable foundation. Mortgage Advice Bureau, based in Bingley, has come on board to support Give …

    Source: Telegraph & Argus
  • Published on Sep 3, 2019

    Bond fund giant Pimco ‘vying to buy’ £5bn taxpayer-owned loan portfolio

    Global investment giant Pimco is reportedly among the bidders looking to snap up the final tranche of taxpayer-owned customer loans issued in the wake of the financial crisis a decade ago. The bond fund manager is eyeing a possible bid for the £5bn loan …

    Source: City A.M.
  • Published on Aug 23, 2019

    Empty flats in Bingley will be used for firefighter training before being demolished

    FIREFIGHTERS will be taking part in vital training at empty high rise flats in Bingley this weekend. West Yorkshire Fire and Rescue Service will be testing out their training for high-rise incident procedures at the Crosley Woods site. Housing provider …

    Source: Telegraph & Argus
  • Published on Jul 22, 2019

    Tenants may have to join waiting list as more Bradford people opt to rent their homes

    A shortage of suitable properties for rent could lead to would-be tenants having to join a waiting list as demand for accommodation soars across Yorkshire. And the Aire Valley is one of the hot spots, according to agents Dacre Son & Hartley which has …

    Source: Telegraph & Argus
  • Published on Jun 26, 2018

    Britain's 'bad bank' set to complete Northern Rock and Bradford & Bingley mortgage sell-off by 2021

    UKAR took control of the assets of failed lenders after the credit crunch It has so far shrunk the remaining assets by £96bn - 83% Completing its mission will be a landmark moment for the crisis recovery By Emily Hardy For This Is Money Published: 10:33 …

    Source: Daily Mail
  • Published on Jun 26, 2019

    Banks warn mortgage prisoner reforms will still leave thousands trapped paying sky-high rates

    Major mortgage lenders have poured cold water on proposals to help mortgage prisoners, arguing that many homeowners will remain trapped on poor-value deals even after the introduction of new rules. Telegraph Money understands that banks have raised …

    Source: Telegraph.co.uk
  • Published on Jul 9, 2019

    Bradford boss Gary Bowyer approached over Steeton player recruitment

    ROY Mason is happy to play a waiting game as he explores all avenues to bolster his Steeton squad for next season. The Chevrons return to pre-season training on Tuesday, June 25 as they look to build on their first season in Hallmark Security League …

    Source: Telegraph & Argus
  • Published on Nov 29, 2018

    Bradford & Bingley rescuer returns over £6bn to the taxpayer

    UK Asset Resolution (UKAR), which manages Bradford & Bingley and NRAM’s closed loan books, has returned a further £6.3bn to the taxpayer. UKAR said its mission is to maximise value for the taxpayer, whilst serving its customers well and treating all …

    Source: Yorkshire Post
  • Published on Jun 5, 2019

    UK's 'bad bank' set up to manage mortgages pays off the taxpayer a decade after rescue

    A MILESTONE was passed today when the “bad bank” set up to manage mortgages sold by Bradford & Bingley and Northern Rock said it had repaid all of the outstanding loans to the Treasury. UK Asset Resolution said today it has returned the last of the £49 …

    Source: Evening Standard
  • Published on Jun 5, 2019

    UKAR pays off Government loan

    The “bad bank” set up to manage more than £100bn of assets from failed lenders Bradford & Bingley and Northern Rock has repaid the last of the £48.7bn loan used to fund the bailouts. Both lenders collapsed during the financial crisis a decade ago. UK …

    Source: Yorkshire Post
  • Published on Jun 5, 2019

    Britain’s bad bank confirms taxpayer bailout loan repaid in full

    The so-called bad bank set up in the UK to manage the debts of failed banks Northern Rock and Bradford & Bingley has repaid the last of the £48.7 billion taxpayer loan made in the financial crisis. UK Asset Resolution (UKAR) confirmed the final …

    Source: Breaking News from Ireland
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