Company News

MasterCard to buy VocaLink

MasterCard Incorporated has announced that is going to acquire VocaLink Holdings Limited for about £700 million (approximately US$920 million).

TSB launches new brand for loans portfolio

TSB’s new brand for the loan portfolio is Whistletree. The brand name has been given to Northern Rock’s former loans and mortgages portfolio which TSB bought from Cerberus Capital Management last year. The loans were previously managed by UK Asset Resolution (UKAR).

Mazars to acquire Corality Financial Group

Corality Financial Group are a financial modelling consultancy and training provider. The deal is due to complete in August.  

Starling Bank gets banking licence

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) approved the new licence. The bank plans to launch in January 2017. The bank will offer a one account concept joining up consumer finances by linking up bank accounts, loans and credit cards in one place.

Freedom Finance acquires home and loan specialist

  Freedom Finance have acquired Sensible Home Finance

Wonga name new Chief Executive

http://www.cityam.com/245332/payday-lender-wonga-name-new-chief-executive

Freedom Finance new appointments

Freedom Finance appoints Michael Davidson and Neil Farrar-Smith to their management team.  Davidson joins as Business Development Director. Farrar-Smith has been appointed as Director of Business Finance. Earlier this year Brian Brodie joined Freedom Finance as the Group’s Chief Executive.

1.3 million people helped by the Money Advice Trust in 2015

  The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.

Court Enforcement Services acquires Elliott Davies

Hoist acquires Spanish portfolio

Portfolio comprises of non-performing banking claims originated by four regional banks.

Sutherland Mortgage Services permissions authorised by the Financial Conduct Authority (FCA)

New mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority (FCA)

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.

Drydensfairfax mortgage administration permissions authorised by the Financial Conduct Authority (FCA)

This means that drydensfairfax is now fully authorised to administer a regulated mortgage contract and offer dual regulated and highly compliant services such as mortgage shortfall recoveri