The government has announced today that a second bail out for banks is in the works, only three months after the first massive bail out was brought to light that was intended to save the banks and ease the tightening felt by the recession.  The new plan is being hailed as the country’s last option [...]

Alistair Darling is once again stepping up the pressure on banks and has announced that the banks must do “much more” to aid small businesses in the country.
The Chancellor made a promise to small businesses that he would apply any necessary pressure to get the banks lending appropriately.  He also understands that more governmental guarantees [...]

Alistair Darling’s demand for high street banks to follow in the footsteps of the Royal Bank of Scotland has been met with strong disagreement by the banks.  The Royal Band of Scotland recently declared that they would not be removing overdraft facilities for small business in the wake of the economic climate, but other banks [...]

Tougher laws are being mulled over by Chancellor Alistair Darling, which will force banks to lend to struggling small businesses in the wake of the economic downturn.  Darling is supposedly looking to cap interest rates, while another leading Labour member labelled the actions of the banks as “naval gazing”.
MP John McFall, the head of parliament’s [...]