Mortgage rules ‘deter first-time buyers’

Almost 2m cannot afford first home, says mortgage insurer

week in review

Week in Review, August 30

Burger King, Shell, RBS and Brazilian telecoms also in the news

Lending to small groups must be simpler

European businesses are still struggling to get credit

FCA orders banks to reopen 2.5m PPI claims

Consumers in line for extra payouts

RBS mortgage fine ‘might not be last’

Brokers say watchdog is probably looking at others

US munis could get regulatory reprieve

Fed looks at use of bonds to comply with bank liquidity rules

Vanguard cuts fees across fund ranges

Pressure on fund managers to compete on charges

UK house price rise masks cooling trend

August sees up to 11% growth, but indicators show slowing market

Coutts earmarks £110m for advice redress

Bank scrutinising 60 years of investment sales

Wanda, Baidu and Tencent in $814m tie-up

Venture aims to loosen Alibaba’s hold on China’s ecommerce market

US probes wave of cyber attacks on banks

JPMorgan among those targeted

Pipeline of Europe’s IPOs continues to flow

Jimmy Choo and RAC among two dozen groups expected to float

New framework for sovereign defaults

Effort to prevent re-run of Argentine and Greek wrangles

Lending Club: neither a borrower nor a lender

A quirky idea with great potential can turn problematic

Paramount Group: NY or SF

Focus is on NYC and SF, unfortunately in that order

Deutsche Bank fined over reporting errors

South Africa to issue maiden sukuk

Plans for sharia compliant sovereign bond as early as next month

Regulatory revenge risks scaring investors

Questions arise about the investability of banks

Price falls cool IPO exuberance in Europe

AA chief quits in boardroom stand-off

Chairman Mackenzie will take over day-to-day operations

Cambridge silly price radio

Another one-time UK tech hopeful may be taken over for a stiff price

China ‘bad bank’ Huarong raises $2.4bn

Country Garden rights issue sinks shares

Chinese developer raising money to repay debt in slowing industry

Lombard Odier posts $68m profit

Swiss wealth manager follows Pictet in revealing earnings

India’s Modi seeks bank accounts for all

Campaign to draw small savers into formal financial system

Brazil park service provider lures Advent

US private equity group taps growing Brazil tourism industry

S Korea probes banks over rates collusion

Investigation comes amid rising regulatory scrutiny globally

Lending Club seeks over $500m in IPO

Peer-to-peer lender likely to be valued at about $5bn

Creditors challenge sale of BES arm

German bondholders seek to to block Tranquilidade deal

Foxtons shares hit despite dividend

Stricter lending rules hurt demand, estate agent chief says

RBS fined £14.5m for ‘serious failings’

Mortgages business back under scrutiny

Monitise signs partnership deal with IBM

Agreement gives mobile money group access to banks using cloud

BlackRock to advise ECB on bond buying

Central bank weighs move to ease eurozone credit conditions

Russians cool on luxury London homes

Proportion of high-end property bought by foreigners drops 20%

Oil auction may end badly for Nigeria

Foreign oil groups cannot be blamed for losing their nerves

Tighter mortgage rules trigger discounts

RBS fined £14.5m over mortgage advice

Only 2 of 164 sales reviewed met standard required

RBS fined $14.5m for advice failings

Regulatory review critical of standards of mortgage sales

HSBC vows to fight Keydata lawsuit

Bank’s US arm accused of playing ‘critical role in demise of SLS’

Veil lifted on Brevan in Rokos court duel

Legal battle over attempt to set up rival investment group

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