Friday, Sep 29, 2006

Banks don't like the IVA - no surprise there

Guardian: Banks call for changes to debt advisory services

Leading banks are urging the authorities to change the way debt advisory firms are able to advertise and give advice on individual voluntary arrangements.

Posted by uncle chris @ 09:24 AM (587 views)
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1. paul said...

I bet they are putting very firms pressure on the government to have people's assets.

They could succeed.

Friday, September 29, 2006 01:03PM Report Comment

2. inbreda said...

If they do succeed it will only make the crash worse.

And even if they look likely to succeed it could cause a rush of IVAs that would cause a good deal of pain.

Friday, September 29, 2006 03:14PM Report Comment

3. magnifico said...

Would that affect the City's bonuses? Not in a million years; look at what happen in the last few years, with funds underperforming; the only ones to suffer were the holders of Pension and/ or Endowment policies, whilst the Spearmint Rhino champagne guzzlers patted each other on the back and rewarded themselves with fat paychecks and a few lines.
By the way, I also send my question to the beeb.

Friday, September 29, 2006 08:34PM Report Comment

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