Borrowers pay off £7 billion mortgages Mortgages were paid down at a record rate in the final quarter of last year, figures revealed today, as homeowners moved to improve their personal balance sheets. Read more on Independent
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Spanish Banks With $167 Billion of Assets Plan Four-Way Merger
Spanish Banks With $167 Billion of Assets Plan Four-Way Merger Four Spanish savings banks plan to combine to form the nation’s fifth-largest financial group with more than 135 billion euros ($167 billion) in assets, as regulators push ailing lenders to merge with stronger partners. Read more on BusinessWeek