0 minute readDepositors in the United Kingdom (UK) could lose money if their bank fails, under proposals by one of Britain’s most prominent banking chiefs. Peter Sands, chief executive of Standard Chartered, said that people with savings above any sum guaranteed by law — £50,000 [US$71,731] in the UK — should be hit with other providers of capital if a bank fails. Sands aired the idea yesterday when Northern Rock, which was nationalized in 2008, lifted a guarantee on deposits put in place in September 2007 by Alistair Darling to stop a run on the bank.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
