Newcastle Building Society structured deposit sales up 50%
Sales of structured deposits at Newcastle Building Society have surpassed its first quarter predictions by 50%. The structures were sold by Newcastle Intermediary Services, the bank's advisory arm which was launched in 2008 and allows advisors to purchase the products online.
Sales in the wider UK structured products market could reach £13 billion by the end of 2009, Newcastle estimates. Last year the size of the market was £8.5
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