UK banks retreat from interest-only mortgages

Published: Oct. 7, 2012, 11 p.m.

b'This week the team is joined by Elaine Moore, deputy personal finance editor, to discuss Nationwide Building Society\\u2019s decision to stop offering interest-only mortgages to new borrowers. Also, what is the significance of plans by James Gorman, Morgan Stanley\\u2019s chief executive, to sacrifice staff and reduce bonuses, and how has the banking sector reacted to recommendations of the Liikanen report?


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