ICB reaction
This week, the Independent Commission on Banking, chaired by Sir John Vickers confirmed that the banks will have to ringfence their core operations. We round up the reaction from the banks, building societies, trade bodies and consumer organisations. MORE
Helpful bridging
Masthaven sales and marketing director Richard Deacon explains how bridging loans can help clients, who have fallen into financial difficulty, repair their credit. MORE
EU implications
Blogger Robin Johnson explains how concerns overshadowing Greek, Portuguese, Spanish and Irish sovereign debt could seriously impact a significant growing source of lending here in the UK. MORE
The MMR approaches
With the final Mortgage Market Review proposals due in early Autumn, industry experts Robert Sinclair, Paul Broadhead and Bill Warren look at their potential for destabilising the market. MORE
Broker ban
On Wednesday, the FSA banned a North West London mortgage broker and fined him £250,000 for repeated mortgage fraud and deliberately misleading the FSA. The penalty was the second largest fine imposed on a mortgage intermediary, ever. MORE
Shoebox homes
The Royal Institute of British Architects (RIBA) damns new build properties in the UK as “shameful shoebox homes”, built too small for the number of people expected to live in them. MORE
Learning from Lehmans
September 15 marked the three-year anniversary of when America’s fourth-biggest investment bank, Lehman Brothers, went bankrupt. Reporter Kay McLellan examines whether any lessons have been learned from the catastrophe. MORE
Elton sues
Pop supremo Sir Elton John is suing a banker for failing to honour a £700,000 charity auction bid. Despite the banker promising to pay the money to the Elton John Aids Foundation, the cash is nowhere to be seen. MORE
100% unattractive
Despite the fact more high LTV products are available, 77% of brokers say they still haven’t completed any 95% to 100% deals in the past six months, according to the latest Mortgage Solutions poll. MORE
And finally…top tweets
David Weidner
What do you call a rogue trader who makes money? A managing director.
Elizabeth Windsor
Text from Mr Cameron: “Sarkozy and I have arrived in Libya. No sign of Gaddafi. We’ve looked under the beds and everything.”
Dean Mason
‘I need to talk to you about an urgent mortgage!’…what makes it urgent?…’My bank want to repossess the house on Friday’…Might be tricky
Jimmy C
The EU is planning a vote on reducing ‘sunset yellow’ in Irn Bru. Good, cause there’s nothing that needs sorting out in Greece or anything.
Kate Butler
Angela Merkel must be devastated that Berlusconi doesn’t fancy her. Rising to the top of her profession will feel rather hollow now 🙁