Company directors at mortgage lender Edeus have called in administrators as a result of the conditions in the housing and financial markets.
Mortgage lender edeus will slash 15% of its workforce in the next few weeks as a result of the recent credit crisis.
Talking about money is not very English. Discussing how to split the bill is tricky - and most of us would rather die than chat about our personal finances.
I used to think the phrase "too many cooks" only applied if one of them was Jamie Oliver. While looking at one website the other day however, it struck me that the same is true of the number of packagers some lenders deal with.
It was James Brown who sang about living in America. Well I don't suppose the Godfather of Soul had a sub-prime mortgage, because - as is in the news on a near daily basis - things are far from rosy across the pond in the mortgage market.
I shunned the Sun's News in Briefs again this morning. Instead - enticed by the free DVD on offer - I opted for the eminently reasonable Daily Mail.
One recent Saturday morning, I picked up the Financial Times. This is not something I like doing on the weekend - not when I'm out of the office and The Sun's News In Briefs is on offer.
Edeus went live on 13th September and tomorrow (22nd December) will see us complete our first hundred days. Edeus's cent-jours have not been as historically significant as Napoleon', but they have been momentous nonetheless.
A blog is the perfect place not only to lay out your own opinions, but also to try to stimulate debate. And when it comes to the fuss made about first-time-buyers, the property ladder and buy-to-let, I'd like to do both.
edeus has announced Terry Pritchard will be working with it as a consultant to develop the strategic direction of the lender in the sub prime market.