Banks

Savings accounts squeezed on interest rates

One in ten of variable rate savings accounts have seen their interest rates cut over the past six months.

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Business lending sees significant drop

New figures have indicated that bank lending to smaller firms has fallen.

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Fixed-term savings rates show a fall

Interest rates on fixed savings accounts declined over the past month, new figures have revealed.

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Lending service could help smaller firms

The banks have been urged to engage with a special intermediary lending service aimed at securing the flow of credit to viable small businesses.

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Business lending offers signs of improvement

The Bank of England has said that more money is being made available for business borrowing.

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Small businesses forecasting recovery

Almost a half of small firms are anticipating an upturn in sales during the next year, a business group has claimed.

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Chancellor considering plans to broaden SME lending

The Chancellor, Alistair Darling is looking at ways of enabling small and medium-size firms to borrow money from sources other than the major high street banks.

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Existing ISA savers may miss out on higher rates

A number of banks and building societies are preparing for changes to ISA allowances by introducing higher rates of return in an effort to attract new savers.

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Business lending slides by record amount

Bank lending to businesses fell by £8.4 billion in July, new figures have revealed.

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Savers getting excellent real returns

Savers are currently enjoying some of the best returns on their money in nearly 20 years, it has been argued.

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