The Royal Bank of Scotland is seeking to counter accusations that firms are getting a raw deal on loans, by setting up a small business charter.
This follows pressure from the Treasury to increase lending to small firms in return for more than £50billion in state aid handed out to the bank.
The charter include a cap [...] CONTINUE
Senior North East bankers are to be grilled by over 50 business owners later this week as the region’s small businesses community steps up its fight to secure more lending from the banks.
The meeting organised by the Federation of Small Businesses (FSB) comes as small business owners express anger at what they say is a [...] CONTINUE
Royal Bank of Scotland (RBS) is under pressure to hit Treasury lending targets as it battles to attract more small business customers.
RBS has announced that its most experienced business bankers were offering would-be borrowers advice and potential access to loans via a new hotline.
RBS and Lloyds have committed to lend firms and homeowners £39bn this [...] CONTINUE
According to the Federation of Small Businesses (FSB), small firms are suffering as a result of Lloyds Banking Group and RBS’s stranglehold on the business banking market.
The group says that the dominant position of the two banks meant that small and medium sized businesses may be effectively forced to bank with them.
After continued struggles from [...] CONTINUE
According to the Federation of Small Businesses (FSB), small firms are suffering as a result of Lloyds Banking Group and RBS’s stranglehold on the business banking market.
The group says that the dominant position of the two banks meant that small and medium sized businesses may be effectively forced to bank with them.
After continued struggles from [...] CONTINUE
Banks are hesitating before about dishing out business loans, placing tough preconditions on small businesses, it has been revealed.
The Forum of Private Business (FPB) said that banks are raising interest rates, demanding personal guarantees and inflicting additional charges before lending to needy businesses.
The statement came in response to the FPBs latest survey, which showed that [...] CONTINUE
The Federation of Small Businesses (FSB) is challenging a potential monopoly of power being built up by high street banks over small firms seeking finance, two years after the credit crunch started.
The FSB is warning that bank mergers, recapitalisation and schemes targeted at the big banks to stimulate lending as a result of the banking [...] CONTINUE
Small businesses should receive more support from banks, said finance minister Alistair Darling said after a meeting with bank chief executives on Monday.
“It is very important that each and every bank knows that there is someone looking over their shoulder,” Mr Darling said after the Treasury meeting. “I want to make sure that we have [...] CONTINUE
According to the UK’s major banks, support for small business is growing, with figures showing a rise in lending by £391 million last month.
The British Bankers’ Association (BBA) reported that almost 50,000 new small business banking relationships were formed during June, while deposits from small firms grew by £577 million during the month.
The BBA’s monthly [...] CONTINUE
Unions and are calling on the government-owned Northern Rock to be used as the basis for a new state-backed bank in post offbusiness groupsice branches.
The coalition of groups published detailed proposals it said would give a boost to the post office network and prevent further closures.
It said that a “Post Bank” would revive and protect [...] CONTINUE
