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Vince Cable, the Business Secretary, has warned taxpayers that they may be helping the Royal Bank of Scotland stand for quite some time as it does not seem that the RBS will by paying back their borrowed funds any time soon. At the same time he commented that the government will not be offering shares [...]  CEOs from Britain’s largest banks are in the process of setting up a venture capital fund to aid small businesses. The fund would provide a much needed cash flow injection into chosen small business applicants. It might also make them more likely to get credit from lending institutions. The banks involved in creating the fund [...] The Banking Sector responded to criticism over how it treats small businesses in need of lending by saying that many of those who work out of serviced office space can now make use of the ‘lending taskforce’ which includes all of the six major banks in the UK such as the RBS, Barclays, and Lloyds. [...] Research from the RBS and NatWest reveals that Britain may be on its way to a full recovery from the recession. Although there are still tough trading conditions, 33% of all SMEs included in the survey reported that they see new growth as their top priority. In response to the positive survey results, both groups [...] The RBS, or Royal Bank of Scotland, has responded to pressure from the Government to increase its SME business loans, by setting up a hotline tailored at helping small firms get approved and access to loans. Both the RBS and fellow bank Lloyds have come under fire by the Treasury lately, for offering interest rates [...] |
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