Patrick Snowball, executive director of Aviva, will criticise regulation of the insurance industry in a speech today, as he warns companies they need to work on increasing consumer confidence, says the Daily Telegraph .
Lehman Brothers has appointed Guy Batchelor as executive director of sales and marketing for Lehman Brothers' mortgage capital businesses in the UK.
Axa and Swiss Re are believed to have made an exploratory £8bn takeover bid approach for Scottish Widows to its parent, Lloyds TSB, reports the Scotsman .
Scarborough Building Society Group has sold a mortgage portfolio to Lehman Brothers, the global investment bank, for £180m.
Alliance & Leicester (A&L) says it is now very near to launching its non-conforming mortgage ranges.
All loan operations of Preferred and Southern Pacific Mortgages Limited (SPML) are to be combined and reorganised over the next six months to reflect a new group structure, parent company Lehman Brothers has announced.