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Banks

Mixed picture on bank lending to businesses

New research on bank lending to smaller firms has thrown up both encouraging and discouraging news.

Raise interest rates to protect savings, Bank urged

A campaign group has written to the Bank of England calling on its rate-setting Monetary Policy Committee to raise the cost of borrowing.

Overhaul banking sector to help smaller firms, says FSB

A leading business group has urged a radical reform of the banking system in order to give small businesses a fair crack of the whip at securing finance.

Banks introduce business mentoring scheme

The UK’s five largest banks have organised mentoring schemes aimed at helping smaller businesses grow and develop.

Credit conditions still tough for small businesses

Small firms are likely to encounter more problems raising finance over the next few months.

Banks and businesses need to forge an alliance

It is imperative that banks and businesses find common ground if the economy is to achieve a sustainable recovery, a leading business group has argued.

Lending improves for manufacturers

Britain’s manufacturing firms are beginning to find it slightly easier to gain access to credit and finance.

Loan scheme funding shows a decline

New figures suggest that lending to firms under the Government’s Enterprise Finance Guarantee (EFG) scheme has fallen this year.

Banks undershoot small business lending targets

UK banks have failed to reach the levels of small business lending that were agreed under Project Merlin.

Inflation hike puts further pressures on savers

The latest rise in inflation means that ever more savers will be struggling to retrieve a return on their money.