According to a report in the Financial Times, British banking giant Barclays has refused to sign up to Government lending targets, suggesting they could encourage irresponsible lending. Steve Cooper, head of Barclays’ small business division, told the FT: “I’m not going to sign up to a target....
Posted to
Finance
on 08-13-2010
Filed under: All Financial News, lending, Banking News, industry, Government, Barclays, reject, profits, targets, Steve Cooper, irresponsible lending
Despite the doom and gloom surrounding the housing market currently, there is some positive news from the Council of Mortgage Lenders (CML). According to the CML, 52,000 new loans were granted to home buyers in June – 19% higher than in May and up 14% on June 2009. CML economist Paul Samter points...
Posted to
Finance
on 08-11-2010
Filed under: All Financial News, lending, Mortgage News, mortgage, Royal Institution of Chartered Surveyors, first-time buyers, CML, rise, Council of Mortgage Lenders, deposit, cautious, improve, June, remortgaging
The bosses of Britain’s top six banks are to establish a taskforce to address the shortage of lending to businesses. In a letter to Chancellor George Osborne, British Bankers’ Association (BBA) chairman, Stephen Green, said there was a “need to make sure that viable businesses are able...
Posted to
Finance
on 08-09-2010
Filed under: All Financial News, Economy News, lending, Banking News, BBA, issues, George Osborne, Stephen Green, taskforce, address
Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, today announced a profit for the six months ended June, boosted by falling charges for bad debt.
The bank posted a net profit of £9 million ($14.3 million) compared with a £1.04 billion net loss in the same period a year earlier. Meanwhile...
Posted to
Finance
on 08-06-2010
Filed under: All Financial News, lending, Banking News, Royal Bank of Scotland, RBS, Santander, profit, sale, bad debts, five year, first half, restructuring, banking industry, Williams & Glyn’s, strategic plan