Browsing All posts tagged under »Banks and Institutions«

Record UK Bank Write-offs of Personal Debt

September 1, 2010

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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

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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 […]