Royal Bank of Scotland and Lloyds Banking Group are expected to sign legally binding agreements to lend at least £20bn each more to small businesses and households as the price for insuring at least £500bn of their most troublesome assets with the taxpayer," reports The Guardian .
The banks would also agree to a code of conduct on pay policies and could issue up to £20bn of a newly created class of share to the government to pay for the much-anticipated asset protection scheme....
First of a number of acquisitions
The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.
West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.
Employers need to do more to inform employees unaware of auto-enrolment Scottish Widows research shows.
Naomi Osinnowo asks what needs to be done to get people to engage with retirement planning.
As important as DB transfers
Customer numbers rise an average 3.1% across all providers
It’s The Pro Adviser Podcast
Defer to 2021/2022