Finance News

Previous week's stories:

Bridging Finance industry grinds to a halt  

Thursday 30th June 2011 

It has been said that bridging business was brought to a grinding halt on Monday, June 27th, as the crème de la crème within short term finance gathered at the Bridging and Commercial Awards 2011. Esteemed lenders, top intermediaries, powerful distributors and those who excel in the valuation, service aspects of the sector descended into the moat of the Tower of London, greeted by a bevy of models, sultry Cuban music,... 

Liz Locke no longer falls under Munford's wing 

Thursday 30th June 2011 

The CPC group have become 100 per cent owners of  newly formed short term lender Omni Capital, after having bought former CEO Paul Munford's 50 per cent stake in...

Former Man-U star slashes asking price by £250k

Thursday 30th June 2011 

Ex-Manchester United star Phil Neville has lowered the price of his Manchester city centre apartment by a quarter of a million pounds, after struggling to find a buyer. Neville...

Accountant repays just £1 after £26k fraud

Tuesday 28th June 2011 

A Lincolnshire accountant has been given a suspended jail sentence for committing fraud, after being caught by HM Revenue and Customs. However, since he is now bankrupt, he has only been forced to repay £1 of the funds he swindled.  Alan Budd, 56, of Nurses Lane, Skellingthorpe, meddled with cheques from clients adjusting the payee name to his own firm, AMB Accounting. The fraud came to light when a client of Budd’s was due £9,000 in tax rebates for overpayment, but never received the funds. At Lincoln Crown Court yesterday, prosecutor Jeremy Janes said: “A number of individuals were affected. The amounts vary from... 

Ex-football Chairman embroiled in fresh fraud scandal

Tuesday 28th June 2011 

Former Tipton Town FC chairman, Bill Williams is being probed by police regarding three further fraud incidents. It was revealed earlier this month that police are investigating three fresh fraud cases, after the accountant was jailed for illegally pocketing more than £276,000 from the life insurance and pension policies of a... 

Parents raid kids' piggy banks

Tuesday 28th June 2011
With the financial squeeze increasing, more parents than ever are dipping into their children’s bank accounts when in financial difficulty, a survey has revealed. With many parents...

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