Credit, Collections & Insolvency News
The HM Treasury have announced the appointment of Nikhil Rathi as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Rathi is currently the Chief Executive of London Stock Exchange plc. From September 2009 to April 2014, he was Director, Financial Services Group at HM Treasury. In this role, he led the Treasury’s…
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Equiniti has announced that it has changed its name to EQ to unify branding across its core business divisions. EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech, and performs administration and payment services.. The company says that the new label, EQ, aligns the company’s…
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The government has announced that it will extend measures to prevent high street businesses facing eviction over summer. The extension, until the end of September, comes alongside further support to help local businesses plan for economic recovery following the coronavirus pandemic. A new code of practice has been developed with leaders from the retail, hospitality and property…
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Lower-income households are twice as likely as high-income households to have increased their use of consumer credit during the crisis, and are 50 per cent more likely to be saving less than usual, leaving them particularly exposed to the ongoing economic crisis, according to a major new Resolution Foundation report. The Rainy Days, report published…
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More than 1.9 million mortgage payment deferrals have been offered to customers impacted by Covid-19 in the three months since the support was launched according to new figures from UK Finance which means that one in six mortgages in the UK are now subject to a payment deferral. UK Finance says that this means that…
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Accountancy firm RSM has announced the appointment of Tyrone Courtman as a Partner in its Restructuring team. With more than 30 years’ experience, Courtman specialises in business rescue and performance improvement, turnaround without recourse to formal insolvency procedures, business refinance, debt advisory and accelerated mergers and acquisitions. His sector experience spans manufacturing, real estate and…
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With numerous reports that donations to non-NHS charities were falling dramatically during the lock-down, during the first two weeks of June, MotoNovo Finance says that it took to the virtual road on a unique virtual charity drive helping a range of charities across the UK by donating £40,000. The route map for the journey saw…
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