Archive | November, 2017

Lenders warn regulator’s clampdown on consumer credit may backfire

A crackdown by financial watchdogs on risky consumer loans could backfire and harm borrowers, lenders have claimed. A trade body for companies behind £88bn of credit last year is battling Financial Conduct Authority (FCA) plans to tighten the lending rules. The Finance & Leasing Association (FLA), whose members offer products including credit cards, retail finance […]

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Swiss bankers dismiss ‘overtly pessimistic’ UK finance job loss scenarios post-Brexit

Anecdotal evidence given to IBTimes UK suggests the country’s banks are looking to hire more employees in London. Several senior banking sector professionals in Switzerland have discounted the “overtly pessimistic” finance job loss scenarios being brandished about London, including a recent take by the Bank of England. In a recent report, the UK central bank […]

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