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DAILY TELEGRAPH
Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 06:59:56 GMT

Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 07:03:08 GMT
No man is an island - except here on this little patch of Cornwall - Fri, 10 Feb 2012 06:59:56 GMT
Police swoop on military gun collector as he drives to his mum's - Fri, 10 Feb 2012 06:45:15 GMT
BBC 'buried Savile sex abuse claims to save its reputation' - Fri, 10 Feb 2012 06:40:58 GMT
Nimrod destruction cost taxpayer £3.4bn as MoD ignored 'cost implications', MPs say - Fri, 10 Feb 2012 06:40:39 GMT
'Nazi stag party' MP accused of texting and dozing at Auschwitz - Fri, 10 Feb 2012 06:30:42 GMT

FINANCIAL TIMES
Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT

Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup takes $50m loss in Libor probe - Thu, 09 Feb 2012 20:22:41 GMT
Chinese imports fall sharply in January - Fri, 10 Feb 2012 04:46:54 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Uncertainty on Greece deal damps sentiment - Fri, 10 Feb 2012 08:04:51 GMT

BBC NEWS
BBC News - Business - Fri, 10 Feb 2012 07:03:03 GMT

BBC News - Business - Fri, 10 Feb 2012 07:35:08 GMT
Barclays' profits fall to £5.9bn - Fri, 10 Feb 2012 07:03:03 GMT
Greece given tough bailout terms - Fri, 10 Feb 2012 07:39:44 GMT
China's exports and imports fall - Fri, 10 Feb 2012 03:54:04 GMT
Shock loss for India's Tata Steel - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Fri, 10 Feb 2012 00:00:23 GMT
Redknapp trial cost £1.3m so far - Thu, 09 Feb 2012 23:17:40 GMT
 
 

GMAC-RFC reinvents itself

GMAC-RFC who were once the tenth biggest mortgage vendor in the UK have decided to put their mortgage business on hold to focus on asset management.

30 September, 2008

The new look asset management company once merged with GMAC's european operations will control assets of £16bn and operate out of four european bases, in the UK, Netherlands, Germany and Spain.

The change of focus has led the company to put it salesforce into consultation with a view to making the entire force redundant, which is part of the 130 job losses announced. The group has had several previous rounds of redundancy since the credit crunch began in the summer of 2007.

GMAC-RFC has said that it still hopes to lend in the UK in the future.


More News

Mortgage approvals at highest levels since 2009
House prices dip as annual falls accelerate
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