Browsing All posts tagged under »Banks and Institutions«

Record UK Bank Write-offs of Personal Debt

September 1, 2010


The Times, Bloomberg and the Daily Mail have all reported this morning on news released yesterday by the Bank of England showing that, in the words of the Daily Mail: “Between April and June banks and building societies were forced to ‘write off ‘ £3.5bn, around £40m every day, the largest amount since records began.” […]

Why UK Bank Lending to Small Firms is Unlikely to Revive Soon

August 12, 2010


From the Scotsman, 27th July 2010: “Launching a consultation document to set out options for improving the flow of cash to firms, Business Secretary Vince Cable said small and medium-sized firms were facing a “very serious problem” in raising finance. If bonuses and dividend payments are too big, the government has the option of looking […]