Fresh poll reveals: One in six Brits don’t trust the banks
A decade after the financial crash of 2008, the majority of the British public still doesn’t trust banks. Simon Youel explains what needs to change.
lending
We’ve a long way to go to beat the payday lenders
Despite new regulation, the big lenders will remain.
The Church Credit Union Network shows the way against predatory lending
Former chief City regulator Hector Sants has introduced a national network of churches, communities and credit unions as an alternative to payday lenders.
The Bank of Salford shows how to challenge the big five banks
Mainstream banking facilities have all but disappeared from low income areas. The Bank of Salford offers an alternative model.
Funding for Lending Scheme failing to get banks lending
The coalition is still failing to get banks lending to businesses, new figures from the British Bankers’ Association (BBA) reveal, despite the introduction of the government’s Funding for Lending Scheme (FLS), which gives cheap funding to banks on the basis that they lend money to households and businesses.
Banks let off the hook on lending
The long awaited outcome of the government’s “Project Merlin” deal with the banks has been published. Questions are already being asked about the failure of government to get tough on bonuses and the low level of transparency on pay, buttest
Coalition gives up on tackling bankers’ bonuses as 2010 total set to hit £7bn
It’s hardly a surprise, but the coalition has decided that it has done as much as it intends to tackle excessive bankers’ bonuses, even at a time when small businesses continue to suffer as banks refuse to lend. Most banks will not pay out their bonuses for 2010 until February 2011 but the Treasury minister Lord Sassoon’s declaration in the House of Lords this week indicates the government is satisfied that its ‘work’ on City bonuses is complete.
More evidence housing market has lost its momentum
Figures released today by the Bank of England suggest households’ demand for borrowing remained weak in September. Net lending secured on dwellings (i.e. mortgage borrowing) increased by only £0.1 billion in the month and was just 0.8 per cent higher than in September 2009.