Category: Funding

Banking opens up for SMEs

Funding, Economy

The Sunday Times’ Peter Evans says new ‘Open Banking’ regulations could help small businesses to access funding. Banks will be required to share customers’ data with third parties if asked to do so, and this increased exchange of customer data should enable peer-to-peer lenders and challenger banks to approach firms they...

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High street banks charge small firms 20% interest

Finance, Funding

Big banks are charging some business customers more than 20% in interest — despite receiving billions in taxpayer support to ramp up lending, new research reveals. NatWest and Santander are the most expensive of the big five high street lenders, according to the financial information start-up DueDil. NatWest, owned...

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Business lending at risk after Brexit, BoE warns

Funding, Economy

Bank of England officials have expressed concern that European banks are underestimating the risks from Brexit of a disruption which could threaten as much as 10% of lending to British companies. European banks are not “sufficiently focused” on the risks to their British operations, the minutes from the Bank’s...

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SMEs still reliant on traditional bank products

Finance, Funding

Research by the British Business Bank has found that core debt products such as bank loans, overdrafts and credit cards remain the most frequently used method for SMEs looking to raise finance. But a clear trend has also emerged of fewer smaller businesses using core products since 2012. Applications...

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FCA warns investors over digital tokens

Finance, Funding, Economy

The City watchdog has warned investors that they should only take part in virtual currency fundraisings if they are prepared to lose all of their money. In a message to those thinking about buying digital tokens for so-called initial coin offerings – a digital way of raising funds from the public using a...

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