Banks

Policy maker accuses banks of failing businesses

Dr Adam Posen, a member of the Bank of England's Monetary Policy Committee, has lashed out at banks for not lending enough to small and medium-size enterprises, calling them 'reluctant risk adverse jerks'.

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Banks continue to fail small businesses

Banks are continuing to fail small businesses, despite the launch of the Business Finance Taskforce last year.

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Demand for borrowing still subdued, say banks

Businesses and individuals are continuing to adopt a cautious approach to borrowing, the British Bankers’ Association (BBA) has said.

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Fund boss urges new ways to finance firms

The chief executive of the Business Growth Fund has lent his support to encouraging alternatives to bank funding for businesses.

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Business Growth Fund may help more firms

There is the possibility that the Government’s Business Growth Fund, aimed at supporting fast-growing companies that would otherwise struggle to find funding, may be extended to more firms than were included in the original remit.

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Savers still battling effects of inflation

The rising cost of living means that most savers are finding it a struggle to outpace the effects of inflation.

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Banks set to meet lending targets

The UK’s major banks look likely to meet their small business lending targets as agreed with the Government.

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Add competition to the banking sector to boost lending

Setting banks business lending targets is not the way free up credit for firms, a business group has claimed.

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Mixed picture on bank lending to businesses

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

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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.

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