Credit, Collections & Insolvency News
Bibby Financial Services (BFS) has appointed Jim Davis as Managing Director (MD) for Construction Finance as it looks to further its support for SME businesses in the sector. Joining BFS from Yorkshire Bank in 2011, Davis held the role of Head of Sales for the West Midlands since 2011and was instrumental in the opening of BFS’s…
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Coventry Building Society has named Steve Hughes as its new Chief Executive. Hughes, currently boss of Principality Building Society, is replacing Mark Parsons, who announced his retirement in October. Hughes is a qualified management accountant with over 25 years’ finance experience across a range of industries including manufacturing, retail and insurance, including finance director of…
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A new programme of research led by Fair By Design and the Money Advice Trust is set to explore the issue of inclusive design in credit, insurance, energy and other essential services markets. The Inclusive Design in Essential Services project, launching this month, will include the production of two reports in 2020 on how regulators…
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People with mental illness are being left to fall into a dangerous cycle of money problems and worsening mental health, because they are not being given crucial information on how their condition increases the risk of financial difficulty. This warning is made in a new report by the Money and Mental Health Policy Institute, which looks…
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Consumer spending in November grew by just 0.9 per cent year-on-year, representing a decline in real terms when accounting for inflation, as restrained expenditure continues ahead of Christmas according to new data from Barclaycard. The data showed that spending on essentials showed no movement whilst spending on non-essentials was up 1.3 per cent, presenting a…
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The adoption of artificial intelligence (AI), robotic process automation (RPA) and machine learning (ML) is increasing across the finance sector. This is being driven not only by a growing number of use cases but also the significant benefits these technologies offer, for instance, PwC has found that 54% of executives say AI tools have boosted…
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