Tag: banks

SMEs, Charities and Fintech firm’s accounts affected by Banks red tape

SMEs charities and Fintech firms accounts affected by Banks red tape
Posted on 26 May, 2016 by Editor in Chief under Business News, Economy

According to a recent report by the Financial Conduct Authority, small businesses, charities and fintech firm’s accounts are being cut by banks, in order to ease the cost of regulatory compliance and anti-money laundering controls. With the ever... Read More

Rural Areas Suffered Most from Bank Branch Closures

Rural Areas Suffered Most from Bank Branch Closures
Posted on 13 May, 2016 by Chris Grigorovsky under Business News, Economy

Figures found by the BBC have revealed that over 600 bank branches across Britain in the past year have seen closures, with rural areas being the most affected. It was found that parts of Scotland, Wales and South West England, between April 2015 and... Read More

HSBC Launches £10 Billion Lending Fund to Aid SMEs

HSBC launches £10 billion lending fund
Posted on 19 April, 2016 by Chris Grigorovsky under Business News, Economy

A £10 billion lending fund has been launched by HSBC which is set to help UK small and medium sized enterprises. The fund, which forms part of a broader plan to make banking cheaper and simple for customers, is the largest package of support to be... Read More

Commercial Property Market in Fear of Stability Risks

Commercial property market in fear of stability risks
Posted on 10 December, 2015 by Chris Grigorovsky under Business News, Economy, Industry News

Governor of the Bank of England, Mark Carney, has warned that the sharp increase in commercial property values is causing major concerns regarding financial stability, with European regulators closely monitoring the commercial property markets.... Read More

Bank Staff asked to “fix up” Dilapidated Branches

Posted on 5 December, 2014 by Cliff Goodwin under Business News

Concerns have been raised over claims that staff employed in one of Britain's biggest banks are being be asked to redecorate dilapidated branches — in their own time. The head office suggestion that staff help out with "painting, tidying up and... Read More

RBS and NatWest introduce Business Accelerator Hubs

Posted on 30 September, 2014 by Kirsten Kennedy under Business News

In the aftermath of the recession, high street banks were widely criticised for failing to provide adequate levels of financing to SMEs, causing many to look elsewhere for business loans. However, under a new initiative launched by RBS and NatWest, start-ups... Read More

TSB defies Bank Closure Trend

Posted on 11 September, 2014 by Kirsten Kennedy under Business News

Since the financial crisis banks have been disappearing from high streets across the country, with the vacated properties often opening as cafés or bars. However, TSB has announced this week it will defy the closure trend, and will instead open 30 new... Read More

Spanish Banks prepare for €200 Billion Property Disposal

Posted on 26 July, 2014 by Jodee Redmond under Commercial Sales and Lets, Worldwide Property News

Spain is set to overtake Ireland as the destination of choice for investors who are prepared to take a risk on the market, according to a report released by international property advisers Cushman & Wakefield (C&W). It estimates that European... Read More

Australian Banks expand exposure to Commercial Property

Posted on 29 June, 2014 by Jodee Redmond under Worldwide Property News

With banks pumping billions of dollars into the commercial property sector, Westpac and ANZ Bank are taking the lead in increasing their lending practices. There has been little growth in business lending and commercial property is one area outside of the... Read More

Property Loan defaults on the rise as Banks get tough with Delinquent Borrowers

Posted on 16 June, 2014 by Jodee Redmond under Economy

Defaults among commercial property lenders in the UK hit record-high levels in 2013. And rising values, coupled with improving economic conditions, encouraged banks to get tough on delinquent borrowers. The number of loans in default increased by 13... Read More