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RBS, NatWest fined over mortgage advice
Aug27

RBS, NatWest fined over mortgage advice

The UK Financial Conduct Authority (FCA) has fined The Royal Bank of Scotland and NatWest GBP 14,474,600 for serious failings in their advised mortgage sales business, the authority said 27 August 2014. FCA said the firms failed to ensure that advice given to customers was suitable.  Two reviews of sales from 2012 found that in over half the cases the suitability of the advice was not clear from the file or call recording. The issues...

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Household debt a ‘systemic risk’ to UK
Aug20

Household debt a ‘systemic risk’ to UK

Conflicting interpretations of the much vaunted British economic recovery continue to bedevil independent assessments by the financial markets and corporate and individual investors from the Middle East and North Africa region. A new report out 20 August 2014 says household debt poses systemic risk to the British economy.  Verum Financial Research said total household debt rose 314% from GBP 347 billion in 1990 to GBP 1,437 billion in...

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