InCredit — January 2014: market news
This month’s round-up of developments affecting the consumer credit industry sees the Financial Services (Banking Reform) Bill receive Royal Assent; the EU agree a landmark bank deal; recommended changes to the Draft Consumer Rights Bill; and the publication of the Mortgage Credit Directive text.
Contents: market news
- Warning from foreign banks over China lending limit rules
- Santander acquires Bank of Shanghai
- Tesco Bank to launch current accounts
- New board appointment for Lloyds
Click on the link below to read the rest of the Addleshaw Goddard briefing.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
The Law Commission is conducting a limited consultation on the first available draft clauses from its proposed Insurance Contracts Bill.
InCredit March 2014 — mortgages: Mortgage Credit Directive text published in OJEU; FCA publishes findings to MCOB survey; and more
The text of the Mortgage Credit Directive (MCD) (2014/17/EU) has been published in the Official Journal of the EU.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.