UniCredit has revealed a data breach resulting in the leak of information belonging to three million customers. This marks the third occasion that their customer account data has been lifted by hackers. In July 2017, the Italian global Bank said hackers had accessed client data in two separate attacks, in September and October 2016, affecting […]
The Brexit impasse is contributing to perceptions that the UK commercial property market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results show the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle […]
Capitalise.com has appointed ex Receipt Bank CRO, Nelson Da Silva, as chief revenue officer. The new hire comes following a period of growth for the company, which closed a £3.5m funding round in February 2019, subsequently doubling its staff headcount, and confirms Capitalise.com’s position as an accounting technology business. Mr Da Silva has held a […]
Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of insolvency and restructuring trade body R3, says: Underlying corporate insolvencies (seasonally adjusted) rose by 0.4% in Q3 2019 compared to Q2 2019, and rose by 1.6% compared to Q3 2018. “Today’s figures are […]
LendInvest has hired a new director of mortgage underwriting, and further expanded its regional sales team with a second business development manager for the North West. Gene Clohessy joins the team as director of mortgage underwriting, and will be leading the underwriting team towards its goal of market leading broker engagement, faster underwriting processes, and […]
CYBG has reached another significant milestone in its integration programme as it changes its name from CYBG PLC to Virgin Money UK PLC. As a result, from today the Group’s shares will trade under the new name Virgin Money UK PLC and the London Stock Exchange symbol will change to VMUK. This follows last week’s […]
Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise has appointed cloud banking provider Mambu Recognise’s appointment of Mambu and its market leading cloud-native solution, will transform and improve banking service levels by enhanced transparency, communication and speed of transactions for SMEs. Recognise, a subsidiary of the City of London Group, […]
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank. PCF Bank has a long history as a specialist financier of vehicles, plant and equipment. Established in 1994, and launching banking services in 2017, PCF Bank has helped more […]
The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]
Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]
