It was only last week that the Government were hailed as saviours of the banking sector with their measures of bail outs, and capital injections. As far as I’m aware the banks who indicated that they would like access to funds have yet to sign up. The effect of this can therefore still be seen [...]
Banks still restricting lending to businesses | Read Full Article>>>Tuning in to the Today programme this morning I learned that the Government had announced its latest rescue package for UK banks.
The Government is going to make £50b available for banks to access if they require funds to shore up their capital. This is likely to be in the form of preference shares. The first [...]
In a surprise development the Insolvency Service has revealed that the number of people declared insolvent in England and Wales fell slightly in the three months to June.
The number of individual insolvencies stood at 24,553, which was 2% down compared with the previous three months and 8.3% below the same period in 2007. Company liquidations [...]