Inbrief

Rising interest rates will put increasingly put the spotlight on how banks keep their customers informed of the risks of borrowing in the housing market, says a new report from Innovest Strategic Value Advisors. According to the
lead author Greg Larkin, 'financial education will drive outperformance in the sub-prime market' in America and the UK, where banks have 'aggressively pursued' mortgage customers with impaired or no credit. ABN Amro, ANZ, Citigroup, Deutsche Bank, HBOS, HSBC, JPMorgan, NAB and Westpac are among those working to improve their management procedures, says the investment consultancy.