GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.
Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.
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- A 'typical' homeowner who bought as recently as 2004 has an average "equity cushion" of 48% - prices would need to fall by almost half before value of the loan exceeded property value*
- Average home bought in 2000 with average deposit of £27K has provided a 58% buffer, based on today's prices
- The average London property purchased in 1995 would need to depreciate by three quarters (73%) for the owner to encounter negative equity
"As house prices soften many commentators understandably warn of the potential of negative eq
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Florida Furniture Retailer to Continue Successful Program
KETTERING, Ohio--(BUSINESS WIRE)--GE Money and City Furniture today announced a multi-year extension of their consumer financing agreement, originally formed in 1990. The City Furniture Card program is managed by GE Money's Sales Finance unit and provides instant credit at the point of sale, a simplified application process, same day delivery and account maintenance via the Web.
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Watford-based employer sends team of volunteers to work with hospital employees in assessing the administration process in Dermatology. Ø As a result potentially up to two weeks could be knocked off the Dermatology administration process - reducing patient waiting times. Ø The GE 'Lean' management tool implemented to enhance the patient experience at the local community hospital. "I am delighted that colleagues from GE Money Home Lending were able to use their skills and time to help on this volunteer project in the local community.
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New Payment Option Offered Through Retailer's 29 Northwest Locations
KETTERING, Ohio--(BUSINESS WIRE)--GE Money and Joe's Sports & Outdoor, one of the top 50 sporting goods retailers in the U.S., today announced a five-year agreement to provide the Joe's Sports & Outdoor credit card. The Sport Finance Program, managed by GE Money's Sales Finance unit, will be available as a payment option at the sporting goods retailer's 29 locations throughout Oregon, Washington and Idaho.