Industry

The number of new possessions and arrears cases fell in Q2 2009, according to the latest statistics from the FSA.

The FSA has banned Manchester mortgage broker Arthur Kirk, trading as Grosvenor Mortgage Advice Centre, for failing to establish proper systems and controls at his business.

In the first criminal prosecution of its kind by the FSA, a mortgage broker has been fined £6,000 for failing to notify the regulator about a change in control at a regulated firm.

House prices rose for the second month in a row, according to the Halifax House Price Index.

The FSA has cancelled the permission of Peter David Alexander Crane, trading as David Crane Mortgage Broker, for unpaid fees.

The chief executive of Goldman Sachs yesterday called the mounting public fury over bankers' pay "understandable and appropriate", reports the Independent.

Confidence in the property market is growing, with more people buying properties rather than remortgaging their existing home, according to figures from moneysupermarket.com.

Mortgage schemes available to intermediaries have dropped by 78% compared to the end of August 2008, according to monthly figures from Mortgage Brain.

One quarter of pensioners are missing out on benefits, which could boost their income by an average of £232.

Bankers blamed for the global financial crisis will see their pay packages limited under a blueprint for steering the international economy towards recovery, according to the Independent.