Credit, Collections & Insolvency News
New research by EY ITEM Club has found that total bank lending grew by 2.6% this year (up from – 2.2% in 2023), 3.7% in 2025 and 4.3% in 2026. The research forecasts that business lending is set. to grow 3.1% this year (up from – 2.1% in 2023), 5.6% in 2025 and 6.2% in…
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Mortgage lending is set to grow 1.6% this year (up from – 0.1% in 2023), 2.6% in 2025 and 3.3% in 2026, as housing affordability improves according to new analysis by EY ITEM Club. The forecast is on the proviso that inflation and interest rates continue to gradually fall following August and November’s Bank of…
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The Financial Conduct Authority (FCA) has fined Metro Bank £16.75 million. An FCA investigation found that between June 2016 and December 2020, Metro Bank failed to have the right systems and controls to adequately monitor over 60 million transactions, with a value of over £51 billion, for money laundering risks. Metro Bank automated the monitoring of…
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