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3,600 Conveyancing Solicitors to Lose Their Jobs on Bank Panel
With the recession biting everywhere and reaching its lowest troughs, it would seem that no profession is safe from cutbacks; 3,600 conveyancing solicitors have been unceremoniously dropped from their positions as advisors to two leading high street banks. Britannia and the Co-Operative have followed rival building society Abbey in their decision to let their panel of conveyancing solicitors go from their positions in a reaction to the recent recession. The Law Society has asked the banks to reverse this decision, yet the the banks claim that their investors had made it clear that without the move then they may withdraw mortgage fraud cover.
Retail Lending Through the Economic CycleFor many banks, the downturn in the global financial sector has resulted in a sudden contraction in lending. In this article we consider some of the operational competencies which might be developed by banks to carry on extending credit to retail customers through the downturn.
