Bank Lending

Are Banks Making It Harder to Borrow Just as Payday Loans Get Easier?

Alistair Niederer | Posted 29.09.2013 | UK
Alistair Niederer

The criticism is unfair because it always focuses on the APR. Companies like Wonga offer a very specific product, which is fast cash for a short period of time. The media uses the APR rate as a comparison, but APR doesn't work very well when loans are quoted over a short period of time.

Clegg Is Wrong, Banks Aren't Racist - Report

The Huffington Post UK | Asa Bennett | Posted 31.07.2013 | UK Politics

Nick Clegg was forced to admit that British banks were not pursuing racist lending policies after a government report cleared them of any discriminati...

Chris Wimpress

If Lords Reform Is Dropped, What Could The Lib Dems Get Instead? | Chris Wimpress | Posted 06.08.2012 | UK Politics

We're expecting David Cameron to confirm this week that the coalition's plans for House of Lords reform are going to be dropped, after The Daily Teleg...

£80bn Scheme To Kick-Start Bank Lending Launched

PA | Posted 01.08.2012 | UK Politics

An £80 billion initiative to kick-start bank lending was fired into action today in the latest attempt to boost the struggling economy. The Bank o...

Why the Issue of Access to Finance Requires a More Sophisticated Solution that Banker-Bashing

Ian Mason | Posted 23.09.2012 | UK Politics
Ian Mason

If you ask any small business to list the issues that most affect its daily activity, you would get very short odds on at least part of the answer being access to finance. Over the last five years, banks have been vilified both for lending too frivolously and too modestly - quite an achievement, even for a banker.

Banks Win Again; SMEs are Fighting a Losing Battle for Better Services

Nasir Zubairi | Posted 14.09.2012 | UK Politics
Nasir Zubairi

The Bank of England and HM Treasury officially launched the "Funding for Lending Scheme" (FLS) on Friday 13 July (read the announcement and details here), yet another covert operation to shore up the banks under the disguise of helping small businesses and households to access cheaper credit and thus stimulate the economy.

Osbourne Praises £80 Billion Bank Lending Scheme

PA | Posted 13.07.2012 | UK Politics

Chancellor George Osborne on Friday said the launch of an £80bn emergency scheme to kick start bank lending showed Britain was "not powerless to act"...

How to Negotiate a Loan With Your Bank Manager

Raconteur Media | Posted 02.06.2012 | UK
Raconteur Media

Josh Sims brushes off his best suit, polishes his business figures and knocks on the bank manager's door.

Banks Sign Up To 'Ambitious' £20bn Business Lending Scheme

PA | Posted 19.05.2012 | UK Politics

Four of the UK's biggest banks have signed up to an "ambitious" lending scheme unveiled today by the Treasury to unclog the flow of credit to business...

Cable Says Bank's Failure To Lend Is Holding The Economy Back

Huffington Post | Chris York | Posted 09.06.2012 | UK Politics

Vince Cable will warn on Saturday that a lack of lending by banks could negate positive developments being made elsewhere in the economy. Speaking ...

Unscrupulous Lenders Rip Off Poorest With Extortionate Charges

Anne Marie Carrie | Posted 28.02.2012 | UK
Anne Marie Carrie

In the UK today, one in 10 households - the poorest families - cannot get access to a bank account. When they run out of cash, which they do frequently in these tough economic times, the most vulnerable are lured into an unaffordable debt trap.

Bank Lending Squeeze 'Putting Recovery At Risk'

PA | Posted 23.12.2011 | UK Politics

The UK's banks are having their ability to lend squeezed by regulation and the eurozone crisis, which is putting the UK's economic recovery at risk, a...

Sir Mervyn King: UK Faces Its Most Serious Financial Crisis Ever

PA | Posted 06.12.2011 | UK

Sir Mervyn King has insisted that the Bank of England's surprise move to pump £75 billion into the UK economy is the right thing to do as the country...