Companies
The FSA today confirmed the merger between the Yorkshire Building Society and its smaller rival Norwich & Peterborough(N&P) which will complete on 1 November.
Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications.
Nationwide Building Society has announced it is to restrict the maximum LTV of its interest-only mortgages to 75%.
Other news
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The Virgin Money buy-out brings with it both good and bad news, but it is the latter - the £653m loss to taxpayers - that will make all the headlines tomorrow.
Saffron Building Society's John Eastgate on why direct channels still cannot compete with intermediaries...
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