Halifax names Crosby to head mortgage lender

Article Abstract:

Halifax PLC of the UK appointed James Crosby as its new chief executive to replace Mike Blackburn who will move on to the position of vice chairman until his retirement at the end of 1999. Crosby had previously been the head of the general insurance and financial services operations. Crosby believes that he needs to make Halifax a more cost-effective mortgage lending bank which will maintain its strength in distribution. However, Crosby may adopt a stronger corporate approach compared to its current dynamic energy and pace.

Comment:

Appoints Mike Blackburn to the position of vice chairman until his retirement at the end of 1999

Executive changes & profiles, Consumer Mortgage Loans, Halifax PLC, Article

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Nationwide's share of new mortgages plunges to 0.2%

Article Abstract:

Nationwide Building Society declared that its share of net new mortgages declined to 0.2% in the six-month period to October 2001. The mortgage lender controlled a 10.1% share of the new mortgage market in the same 2000 period.

Market share, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Banking industry, Mortgage banks, Nationwide Building Society

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Search nets no Alta Vista customers

Article Abstract:

The article discusses Alta Vista's new U.K. Internet-access service and its lack of customers. The service has been put on hold.

Telegraph & other communications, Services discontinued, Services, Internet service providers, Alta Vista Europe

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