Sub-prime ministering

Powley, Tanya
May 2007
Money Marketing;5/17/2007, p36
The article reports that the financial firm Abbey Co., is set to re-enter the sub-prime market in a tie-up with investment bank Merrill Lynch. According to the author, Abbey's deal with Merrills will see it distribute buy-to-let, self-cert and sub-prime mortgages. It is also suggested that this development will have important ramifications in Great Britain's mortgage industry.


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