Banks

Overhaul banking sector to help smaller firms, says FSB

A leading business group has urged a radical reform of the banking system in order to give small businesses a fair crack of the whip at securing finance.

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Banks introduce business mentoring scheme

The UK’s five largest banks have organised mentoring schemes aimed at helping smaller businesses grow and develop.

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Credit conditions still tough for small businesses

Small firms are likely to encounter more problems raising finance over the next few months.

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Banks and businesses need to forge an alliance

It is imperative that banks and businesses find common ground if the economy is to achieve a sustainable recovery, a leading business group has argued.

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Lending improves for manufacturers

Britain’s manufacturing firms are beginning to find it slightly easier to gain access to credit and finance.

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Loan scheme funding shows a decline

New figures suggest that lending to firms under the Government’s Enterprise Finance Guarantee (EFG) scheme has fallen this year.

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Banks undershoot small business lending targets

UK banks have failed to reach the levels of small business lending that were agreed under Project Merlin.

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Inflation hike puts further pressures on savers

The latest rise in inflation means that ever more savers will be struggling to retrieve a return on their money.

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Lending charges hamstringing small firms

The cost of loans imposed by banks is hindering the ability of small firms to drive economic recovery, it has been claimed.

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Little improvement in demand for business loans

Loan applications from SMEs are still very subdued, new figures suggest.

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