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Nearly 60% of businesses seeking bank finance in 2009/10 rejected by their bank
Prospective clients often find their way to us as they have approached their own bankers to support their borrowing requirements and are astounded after years of loyalty to the bank concerned, their applications are being rejected. Indeed according to the Institute of Directors “… nearly 60% of businesses seeking bank finance in 2009/10 were rejected by [...]
Anybody Want to Buy an Umbrella?
It appears, finally, that someone has woken up to the fact that the lenders bailed out by the UK Taxpayer are not delivering on their promises to support the SME sector with business borrowing. I was tickled by a comment on the BBC news this morning (09/02/10) from a spokesman from Lloyds Bank claiming that [...]
Monday Morning Bulletin 25th January 2010
Please contact me for further details of this week’s Bulletin which contains the following points: Bank investors received a shock last week with the announcement of far reaching banking reforms by President Obama. The proposals see the breaking up of large banks into either commercial, deposit taking organisations or those involved in proprietary trading activities. [...]