EPISODE · Oct 7, 2012 · 10 MIN
UK banks retreat from interest-only mortgages
from FT Banking Weekly
This week the team is joined by Elaine Moore, deputy personal finance editor, to discuss Nationwide Building Society’s decision to stop offering interest-only mortgages to new borrowers. Also, what is the significance of plans by James Gorman, Morgan Stanley’s chief executive, to sacrifice staff and reduce bonuses, and how has the banking sector reacted to recommendations of the Liikanen report? Hosted on Acast. See acast.com/privacy for more information.
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