Executives from Britain's biggest high street banks have been summoned for talks with Kwasi Kwarteng amid concerns about the impact of recent financial turmoil on the mortgage market.
. City sources said executives from Barclays, Lloyds Banking Group and NatWest Group were among those expected to attend. Hundreds of mortgage deals have been pulled or frozen by banks as a result of volatility in how banks price home loans.The chief executive of the City watchdog told The Sunday Times at the weekend that he wanted lenders to justify the withdrawal of fixed-rate mortgage products.
"If a product is withdrawn for a temporary period, we want to understand when they're going to come back to market so that those people who may need to refinance are able to proceed with their plans," Nikhil Rathi told the newspaper.
Inspector Clouseau
And tip them off to his.
No more chaos?
I think them quizzing him is probably the more likely scenario
He’s quizzing them?
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