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Average cost of starting a business edges close to six-figures

Entrepreneurs require an average of £94,000 in capital to get their business off the ground, research from personal asset lender Borro has found.

'Serious failings' in bank mis-selling to businesses

The Financial Services Authority (FSA) has found 'serious failings' in the ways banks sold specialist insurance products to businesses, it has announced.

Businesses and customers hit by bank failure backlog

Millions of RBS, NatWest and Ulster Bank customers, including businesses, are facing continuing disruption following last week's computer failure.

Scotland: SME access to finance eases

More than four out of five small businesses in Scotland are successfully applying for finance, latest figures from the Scottish Government indicate.

Case for further quantitative easing gains momentum

The Bank of England narrowly decided against continuing its quantitative easing (QE) programme, minutes from this month's Monetary Policy Committee (MPC) meeting have revealed.

Chancellor unveils banking reform to protect taxpayers

The UK banking system is to be overhauled in order to 'better protect taxpayers when things go wrong', Chancellor George Osborne has announced.

Eurozone update: Spain to receive euro bailout

Eurozone ministers have agreed to lend Spain up to 100 billion euros (£80 billion) to support its struggling banks.

No change to bank rates and quantitative easing

The Bank of England's Monetary Policy Committee (MPC) has voted to keep interest rates unchanged at 0.5 per cent and quantitative easing (QE) has not been extended.

Four in ten SMEs win appeal against rejected bank loans

Around 40 per cent of SMEs who had their loan requests rejected by a bank have had their appeals overturned, an annual report from the British Bankers Association (BBA) has found.

UK's free banking debate picks up pace

A top official at the Bank of England has added to speculation that the UK's banking system could be set to change after labelling free banking a 'dangerous myth'.