The deputy chairman of the Treasury Select Committee has stated that in order for the banks to increase lending to small business the Government must look into a rethink of their banking bail-out policy, which sees the banks prioritise paying money to the Government instead of lending to small businesses.
Banks across the country have been [...]
royal bank of scotland 's Tags Page
RBS to provide £3bn SME funding
Written by Ric in Thursday, February 5th 2009 Tags: 3 billion, business secretary, Economy, Finance, funding, lord mandelson, natwest, RBS, regional lending, royal bank of scotland, small business, SME, ulster bank, £3bn
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SME funding.
As the news filters around the country that the interest rates are at historic lows, the Royal Bank of Scotland has announced that they are preparing to begin a £3 billion fund aimed at small and medium sized business lending.
It would seem as though the Federation of Small Businesses’ pleads for help are paying [...]
Treasury Select Committee - “Government money is distorting mainstream banking activity”
Written by Ric in Monday, December 1st 2008 Tags: fallon, gordon brown, royal bank of scotland, treasury select committee
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