Credit, Collections & Insolvency News
As part of the changes Ian Steward has been appointed Managing Director of Close Brother Invoice Finance. Steward was previously Managing Director of Close Brothers Invoice Finance North. George May and Fiona Parkinson will now become Commercial Directors for the north and south.
Read moreBibby Financial Services has announced the fund to support European SMEs. The three-year agreement with HSBC will be available to new and existing SME customers.
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http://www.cityam.com/245577/co-operative-bank-has-hired-new-chief-financial-officer
Read moreBank of England monetary policy committee maintains interest rates at 0.5% for an 88th month.
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Liz Truss has been appointed the new Lord Chancellor and Secretary of State for Justice. Truss was Secretary of State for Environment, Food and Rural Affairs.
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https://www.theguardian.com/money/2016/jul/15/mps-decry-inadequate-efforts-stop-money-laundering-uk-property
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Lenders are braced for falling demand for mortgage loans following the Brexit vote amid fears over economic uncertainty, the Bank of England said today. Its latest credit conditions review, which includes discussions with major High Street lenders following the referendum, said that banks expect “demand for secured credit” to slide despite little change in the availability of…
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High Court Enforcement Group (HCE Group) has announced that Karl Harrison has joined its management team as Group Manager and Technical Advisor. Harrison is also a member of the board at the High Court Enforcement Officers Association (HCEAO)
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http://www.cityam.com/245332/payday-lender-wonga-name-new-chief-executive
Read morehttp://www.cityam.com/245522/santander-bank-fined-10m-us-settle-vendors-overdraft
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Elias Paourou has been promoted from Director to Partner at CVR Global.
Read moreJames Bawa to be appointed as Chief Executive of Monmouthshire Building Society joining fromTeachers Building Society. Current Chief Executive Andrew Lewis will retire later in the year.
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A new national register – Landlord TAP – places all let properties in England and Wales in one place. Landlords will provide information about tenants responsible for paying water bills.
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