The UK government is preparing to sell off another £6 billion worth of Bradford and Bingley (B&B) mortgage loans – twice the expected amount.
The sell-off follows the successful deal in which insurance giant Prudential and US private equity firm Blackstone bought £11.8 million worth of B&B mortgages in March.Read More
Kelvin Hughes of Dravet Syndrome UK receives our £400 donation from Sarah Cunliffe who nominated the charity
Our charity of the month for June is Dravet Syndrome UK, nominated by Sarah Cunliffe.
Dravet Syndrome is a rare and disabling type of epilepsy which is all the more distressing as is presents in infants and for which there is no known cure.Read More
Royal Bank Of Scotland (RBS) is believed to be on the verge of settling a £multi-billion claim for the mis-selling of toxic mortgage bonds in America.
Details have not yet been confirmed, but it is understood that the bank are close to a settlement with the Federal Housing Finance Agency (FHFA) for $4.5 billion (£3.5 billion)Read More
Royal Bank Of Scotland (RBS) has reached a £200 million out of court settlement with a group of shareholders who claim they were duped into buying £12 billion worth of shares when the bank was on the verge of collapse in 2008.
The high profile case in the High Court was adjourned three times by Mr Justice Hildyard to give the two sides a chance to reach an agreement.Read More
WDP chief executive Dave Thompson and Shopmobility’s Chrissie Corbishley pictured with the two brand new wheelchairs our £400 donation has bought to add to the Motability fleet
Gladstone Brookes is a company which is proud of its efforts to help out local charities and give something back to the community we live in.
Every month we donate our dress down money to a nominated charity which could be either local or national – like this month’s Warrington Disability Partnership (WDP) or Children In Need.Read More
The Co-operative Bank wants to strike a deal within two weeks to shore up its operation by raising £450 million to cover senior bonds due to mature in September.
Insiders have revealed the plan in which some of the bank’s existing investors will be asked to swap their bonds for shares at a loss.Read More
An American-based credit card company has issued a £1.6 billion lawsuit against Barclays for the mis-selling of PPI through a sub-prime lending business.
The suit has been filed in the High Court in London by CCUK Finance, the British subsidiary of an American company which bought a sub-prime credit card business called Monument from Barclays a decade ago.Read More