Too much resting on a housing habit

Article Abstract:

Abbey National may be affected by a UK trend toward remortgaging, which accounts for 20% of UK home mortgages. The company faces aggressive marketing tactics from new mortgage loan companies. Abbey National's profits come mainly from existing mortgages which have yet to be affected seriously by changes in the UK mortgage market, but this may not last. Savings in deposit accounts have increased, and this has benefited Abbey National, but the trend may not continue

Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Abbey National PLC, Mortgage banks

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Barclays' turn to join the consolidation party

Article Abstract:

Barclays' stock price has not risen as much as that of some banks, partly because it is not seen as a bid target, being too large. Barclays has had problems in selling BZW which have prevented stock buy-backs previously announced. Barclays has reduced costs and emphasized efficiency, which puts the bank in a good position to expand. Acquisitions and mergers are likely to be carried out because Barclays desires them, rather than being forced on the bank.

Barclays Bank PLC (Abu Dhabi)

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Halifax

Article Abstract:

Halifax faces a difficult mortgage market, but the company's life insurance operations are performing well.

Halifax

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