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...There is little geographic overlap in the two banks’ operations, limiting the scope for cost savings....
...And it is likely to swell further, because tighter bank regulations are pushing more and more activity into the non-bank world....
...The FSB voiced “concerns that guaranteeing the loan books of existing high street banks may serve to reinforce their market position”....
...The ICB believes its report will show that the benefits of saving taxpayers from having to rescue banks will outweigh costs....
...“Small businesses are the lifeblood of the economy but are effectively being drip-fed by the banks,” says Stephen Alambritis, head of the FSB....
...AIG Federal Savings Bank and Wilmington Finance Inc, an affiliated mortgage lender, agreed to pay up to $6.1m to African-American customers who were charged the higher broker fees, and will pay an additional...
...It offers insurance, credit cards, loans and savings accounts but plans to launch current accounts and mortgages within the next two years....
...“The announced changes to banks bonuses however, will have severe repercussions for the property market....
...the FSB found....
...US life and mortgage insurer Genworth Financial said on Sunday it applied for capital under a US government programme, after reaching a deal to buy a bank, bringing it under federal regulation, reports Reuters...
...“The cut amounts to a generous saving for small firms of £750m on loans and overdrafts,” said the FSB....
...FSB members complained that banks were pushing them into swapping overdrafts for secured loans....
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