Banks

Savings accounts beginning to offer better returns

After months of poor savings account interest rates, investors may be about to reap the rewards of better returns on their money.

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Small business lending needs greater 'scrutiny'

The government has been urged to clarify the levels of lending that banks are making to small businesses.

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Temporary savings deposits may get more protection

Savers who deposit large sums into their accounts could get a short-term increase in the level of protection guaranteed their money should the bank or building society get into difficulty.

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Stamp duty needs reform

The government should raise the threshold for stamp duty in order to aid the recovery of the housing market.

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Government says business lending scheme is working

The government’s Enterprise Finance Guarantee scheme has processed more than 1,300 eligible loans worth almost £145 million, Peter Mandelson the Business Secretary has said.

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Businesses unaware of government loan scheme

Nine out of ten businesses do not realise that their banks offer access to the government’s Enterprise Finance Guarantee scheme, a new survey has revealed.

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Default cap could be hampering government lending scheme

The imposition of a cap on the number of defaults could be affecting the success and availability of a government loan guarantee scheme set up to help small businesses.

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Savers taking money out of accounts

Almost £2.3 billion were withdrawn from savings accounts in January, new figures have shown.

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Bank urged to act 'rapidly' on money supply

The Bank of England needs to act “rapidly” and “forcefully” if the recession is not to deepen.

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Banks say small firm lending rose last year

UK high street banks increased their term lending to small businesses by 9 per cent in 2008, according to figures from the British Bankers’ Association (BBA).

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