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In the period September 2007 to December 2009, during the Global Financial Crisis, the UK government intervened financially to support the UK banking sector, and four UK banks in particular. At its peak, the cash cost of these interventions was £137 billion, paid to the banks in the form of loans and new capital.
UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the British government to manage HM Treasury's shareholdings in the Royal Bank of Scotland Group (RBS) and in UK Asset Resolution, which held the residual assets of NRAM plc and Bradford & Bingley.
Hilco Capital was awarded Special Situations Debt Provider of the Year at the IFT Awards 2022. [15] The company also won the Turnaround of the Year Award at the Turnaround, Restructuring & Insolvency Awards (TRI) 2019. [16] It also won the Business Rescue of the Year award (£21-50m turnover) at the Insolvency & Rescue Awards 2009. [17]
The Greensill scandal was a political controversy in the United Kingdom related to lobbying activities on behalf of financial services company Greensill Capital.It implicated former Prime Minister David Cameron, former Cabinet Secretary Jeremy Heywood and several other civil servants, and occurred during the COVID-19 pandemic.
Polar Capital Global Financials Trust plc (LSE: PCFT), is a large British investment trust predominantly focused on investments in the financial services sector i.e. banks, asset managers, stock exchanges and online payment businesses. [1] It is managed by Polar Capital and the chair is Simon Corderey.
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In April 2013, Assetz Capital raised £1.5m for the largest peer-to-peer loan in the UK to date (the previous largest peer-to-peer loan was £500k). The loan was a first charge secured property development loan for a student accommodation project in Nottingham, with a 50% loan-to-value and a one-year term.