Banks

Small business confidence knocked in third quarter

Challenging economic conditions, access to finance and squeezed consumer spending have all knocked small business's confidence in the third quarter of 2012, according to the Federation of Small Businesses (FSB).

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Financial watchdog to clamp down on sales commissions

The Financial Services Authority (FSA) is to clamp down on employee sales incentives in a bid to end the mis-selling of financial products.

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Chancellor reveals plans for small business bank

Chancellor George Osborne has unveiled plans for a new Government backed bank aimed at small businesses, saying they would be able to gain access to 'multi-billion pounds' of funding.

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Bank defends QE

The Bank of England (BoE) has defended its use of quantitative easing (QE) but admitted that it would mostly benefit the top five per cent of households.

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New Funding for Lending Scheme launched

A new scheme designed to deliver cheap credit to banks in order to boost the economy has been officially launched by the Government and the Bank of England.

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New guidance for SMEs on alternative finance

New guidance on how to raise finance through alternative forms of lending has been launched for start-ups and small businesses.

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UK banking culture 'throttling' economic recovery

UK banks have been accused of 'throttling' the country's economic recovery because of an 'anti-business culture' and an 'obsession with short-term trading profits', business secretary Vince Cable has warned.

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Additional £50 billion of QE for UK economy

The Bank of England's Monetary Policy Committee (MPC) has voted to inject a further £50 billion into the economy over the next four months through its quantitative easing (QE) scheme.

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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.

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'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.

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