Euro Credit Insurer deflates Australia’s Ratings

Australia and New Zealand have had their debt ratings downgraded, the only two industrialised countries to be flagged for caution in the new global survey by the Paris-based business rating and credit insurance giant Coface.

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Mortgage lenders have seen the light on excessive mortgage exit fees

Most mortgage lenders have obeyed demands that they stop charging excessive fees for closing a mortgage. In January, the Financial Services Authority (FSA) told lenders that they would have to justify raising mortgage “exit” fees. The FSA said if they could not do so by 28 February, then they would have to agree to charge [...]

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