Review this week's top stories including Standard Chartered attracting the second-largest penalty ever from the regulator with one of its United Arab Emirates clients attempting to deposit £500,000 stuffed into a suitcase.
Nationwide’s launch into the equity release market, with white-labelled products through Pure Retirement also attracted plenty of attention, alongside Moneysupermarket’s launch of an end-to-end mortgage service with broker partners London & Country and Fluent Mortgages.
Enjoy this week’s biggest stories and the Mortgage Solutions team wishes you a great weekend.
Standard Chartered fined £102m after customer opened account with £500k in suitcase
Nationwide launches later life lending products
Moneysupermarket launches remortgage platform with broker partners
FCA’s market study is ‘bizarre, confusing and worrying’ – Wilson
Why Beyoncé and other HNWs put a mortgage on it – Izard
Mortgage Advice Bureau and Penrith Building Society partner on broker firm launch
Nationwide regionalises mortgage broker support teams
Brokers unimpressed by Labour house price ‘target’ plans
FCA slams insurers for selling unsuitable products at ‘significantly higher prices’
Legal and General exploring launch into later life advice
Victoria is group editor, Mortgage Solutions and Your Mortgage at AE3 Media.
Previous titles include editor of What Mortgage and Credit Today and a stint freelancing for various titles, including The Guardian, Which? and Money.co.uk