InCredit March 2014 — market news: Paragon Bank launches under PRA new capital regime; and more
Addleshaw Goddard has published the March 2014 edition of InCredit. According to a company press release, Paragon Bank has become the first new bank to obtain a banking licence from the PRA. It will be a specialist online bank as opposed to a challenger bank, according to reports.
- Paragon Bank launches under PRA new capital regime
- Funding Circle receives £40m from UK government
- Crowdfunding hits UK TV
- Santander expects car finance deal with Peugeot
- Iceland bank collapse brings new bill for British banks
- Airbus creates in-house bank to lend to customers
- Lloyds returns to profit
Click on the link below to read the Addleshaw Goddard briefing.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Consultations released on implementation of energy efficiency regulation of the private rented sector
The Department for Energy & Climate Change has published the long-awaited consultation on implementing the provisions of the Energy Act 2011.
The Court of Appeal has overturned a High Court judge’s decision to add words to a non-compete restriction, which had originally offered the employer very little protection.
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.