Credit, Collections & Insolvency News
NatWest’s Ulster Bank is preparing to sell €7.6 billion of loans and 25 branches to Irish bank Permanent TSB. Between 400 and 500 Ulster Bank employees will transfer over under the deal while NatWest will secure a 20% stake in PTSB as part payment. “In line with our strategy of a phased withdrawal from the…
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SME owners are feeling more optimistic and are keen to invest in growth, but are being frustrated by the mix of financial options open to them, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). A total of 89% of owners are reporting that they…
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Deko has announced the appointment of Tom Myles as Chief Technology Officer and Rob Fernandes as Chief Product Officer. Myes joins Deko after over twenty years’ experience in the payments, banking and fintech sector. In his most recent position as Chief Technology Officer of Barclays Payment Gateway, he led the modernisation and delivery of the…
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The Credit Services Association (CSA) is urging policy-makers to take extra care before prescribing detailed forbearance schemes that could make a customer’s debt problems worse not better. The CSA believes that constraining the flexibility that exists in the current regulatory framework, and which enables customers and their creditors to agree solutions based on an individual’s…
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