Treasury sells £4.9 billion of ‘bad’ bank loans

The Treasury has announced the sale of another £4.9 billion of mortgages and unsecured loans from two of Britain’s ‘bad’ banks to the global investment bank Citi. But the move has been criticised as making ‘a mockery’ of attempts to help mortgage prisoners to switch from expensive standard variable rate (SVR) mortgage deals they are …

Shock pension scam robs two pensioners of £1 million each

Shock pension scam robs two pensioners of £1 million each

Two British pensioners have been robbed of more than £1 million each through a series of elaborate pension scams say Action Fraud. The identities of the two individuals is being protected by police, but it is known they lost their life savings over two years to June 2018. Devastating Pauline Smith, director of Action Fraud, …