JC Flowers, the American private equity firm, has set aside a £1.5bn "war chest" to buy mortgage books from British banks after failing to purchase Northern Rock.
The US firm, founded and run by former Goldman Sachs banker Christopher Flowers, is to move to what one source called its "Plan B" for the UK market after it lost out to Virgin Money in the £1bn auction...
Brings in recurring revenue of £700,000
27,000 ‘affordable new homes’ to London
795 in Croydon
Completes legal process
Scepticism towards companies' commitments
GDP falls 2.6% in November
Financial wellbeing junkies