Banks

Government backs alternative business lenders with £55 million

Small and medium sized businesses and sole traders are to benefit from £55 million of Government funding being channelled through non-bank lenders.

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Funding for Lending Scheme crawls towards target

Five of the UK's six largest lenders have joined the Bank of England's (BoE's) Funding for Lending Scheme (FLS) designed to increase lending to households and businesses.

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Business bank: Further details unveiled

Business secretary Vince Cable has unveiled further plans for a £1 billion Government-backed business bank to help small and medium sized businesses access finance.

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Small business confidence knocked in third quarter

Challenging economic conditions, access to finance and squeezed consumer spending have all knocked small business's confidence in the third quarter of 2012, according to the Federation of Small Businesses (FSB).

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Financial watchdog to clamp down on sales commissions

The Financial Services Authority (FSA) is to clamp down on employee sales incentives in a bid to end the mis-selling of financial products.

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Chancellor reveals plans for small business bank

Chancellor George Osborne has unveiled plans for a new Government backed bank aimed at small businesses, saying they would be able to gain access to 'multi-billion pounds' of funding.

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Bank defends QE

The Bank of England (BoE) has defended its use of quantitative easing (QE) but admitted that it would mostly benefit the top five per cent of households.

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New Funding for Lending Scheme launched

A new scheme designed to deliver cheap credit to banks in order to boost the economy has been officially launched by the Government and the Bank of England.

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New guidance for SMEs on alternative finance

New guidance on how to raise finance through alternative forms of lending has been launched for start-ups and small businesses.

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UK banking culture 'throttling' economic recovery

UK banks have been accused of 'throttling' the country's economic recovery because of an 'anti-business culture' and an 'obsession with short-term trading profits', business secretary Vince Cable has warned.

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