Word: lender
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...revitalized party ahead by 11 points, the most substantial lead it has enjoyed over Labour since Margaret Thatcher was in power. Brown's government has been buffeted by a series of mishaps and blunders since the run two months ago on Northern Rock, Britain's fifth-largest mortgage lender, which is now sustained by emergency funding from the Bank of England. A government department lost two discs containing the financial details of 25 million U.K. residents. A burgeoning scandal over fund raising has forced Labour's General Secretary, Peter Watt, to resign, and threatens to engulf other leading Labour figures...
...After a series of mishaps, upheavals and slip-ups, that reputation looks tattered. The U.K. economy is being buffeted by the shockwaves from the subprime crisis in the U.S.; Britain's fifth-largest mortgage lender, Northern Rock, is being kept afloat by guarantees from the Bank of England. Brown has defended his government's handling of the affair, and says his response to diverse challenges in the first months after he took office prove his competence. He looked calm and in control after terrorists targeted London and Glasgow in July and when an outbreak of foot-and-mouth disease...
With his shock of blond hair, deep tan and rakish English charm, billionaire entrepreneur Richard Branson likes to portray himself as maverick of the business world. And, on Monday, he made a typically bold gesture, announcing that he would lead an investment consortium to rescue the ailing U.K. mortgage lender Northern Rock. In an open letter to Northern Rock customers entitled "A Fresh Start," he pledged to save the bank and declared that the company would soon be known as Virgin Money...
...Many shareholders aren?t happy. According to Robin Ashby of the Northern Rock Small Shareholders Group, an "overwhelming majority" of shareholders at a meeting on Monday in the northern English city of Newcastle where the lender is based, agreed in an informal vote that Branson?s offer undervalued the company. Shareholders still have the power to block a sale because the bank has not officially been declared insolvent, despite its reliance on an approximate $47 billion bail out made by the Bank of England in September, when Northern Rock revealed its financial difficulties. "The directors need to be aware that...
...interest rate that exceeded state limits. Other parties that were named in the suit included the University of Notre Dame, Oberlin College in Ohio, Spelman College in Atlanta, and the MacArthur Foundation. Though Massachusetts state law only permits loans below 20 percent, higher loans are permissible if the lender files notice with the state attorney general every two years. David Rich, the lawyer representing Realty Financial Partners, told Bloomberg News last week that the lenders’ notices had been filed on time. The lawsuit was filed by Fahey, who intended to use the loan to build a 186-home...