Posts Tagged ‘london scottish bank’

London Scottish quits lending March 1st, 2008

London Scottish Bank is to quit lending and focus on debt collection following continued scrutiny from the Financial Services Authority (FSA). The Bank has insufficient regulatory capital to the tune of £12.7m but has been working closely with the FSA to devise a plan that will rectify the issue. London Scottish Bank is to focus on debt collection.

Tags: , , ,
Posted in General Finance, Top Stories | No Comments »



  • Selection from Glossary

    • Adjustment Bond
      A bond issued as part of a restructuring exercise in exchange for existing bonds.