Daily Star (Free subscription) | yesterday
... the continuing shortage of mortgage funding. The Government should therefore publish the delayed Crosby Review as part of the forthcoming Pre-Budget Report and announce concrete steps that will enable and encourage firms to increase mortgage loans."Mortgage lending is continuing to be constrained by the problems in the wholesale money markets, leaving banks struggling to raise the funds...
Daily Mail News (Free subscription) | yesterday
... to a review on mortgage finance, carried out by former head of Halifax Bank of Scotland Sir James Crosby, in the Pre-Budget Report on Monday.The report's recommendations, which have not yet been made public, may include some form of Government support to get the mortgage-backed securities market working again.But in his interim report published in July, Sir James said the Government...
Times Online (Free subscription) | 11/16/2008
... Rock discussions come ahead of the report into the mortgage market due to published by Sir James Crosby, the former chief executive of HBOS. Crosby is expected to recommend that the government offers taxpayer guarantees on mortgage-backed securities issued by Britain’s banks. The move would encourage international financial-market investors to start pumping money back into...
The Telegraph (Free subscription) | 11/11/2008
... in covered bonds issued by a single bank. With regulation, the ceiling is 25pc.According to Sir James Crosby's review of mortgage finance for the Treasury, the covered bond market accounts for £56bn of UK banks' funding – compared with £201bn in securitisations. US Treasury Secretary Hank Paulson unveiled plans earlier this year to replicate the market in the US, saying: "Covered...
Financial Time (Free subscription) | 11/01/2008
The Hall of Fame for those who quit before the nasties emerged is getting crowded. To Sir James Crosby, who ran HBOS until 2006, and John Tiner, chief executive of the...
The Telegraph (Free subscription) | 10/30/2008
Paul Moore, head of regulatory risk at the bank between 2002 and 2004, said: "I think a concern everybody had [was] whether or not the business was under control." He claimed the bank's priority was switched from risk management to growth under the former chief executive Sir James Crosby, who is now leading the Government's review of the mortgage market. HBOS was rescued by Lloyds to...
Daily Mail online | Home (Free subscription) | 10/08/2008
Not only should "Fred" go, but what about the other CEO`s and chairmen such as Hornby at HBOS and the ex-HBOS seat warmer James Crosby (now vice-chairman at the Financial Services Authority!)? It is about time that Hornby did the one honourable thing he could do and that is resign now. Hornby and Crosby presided over a culture of meeting targets at any cost in HBOS. The company...
