The numbers have been crunched – and crowdfunding growth will come with NISAs New research from boutique finance house, Liberum, reveals that almost two thirds of British investors have never heard of peer-to-peer (P2P) or Person-to-business (P2B) crowdfunding. The research also shows that just one person in fifty has invested, or has taken an active […]
The disparity between savers’ returns and borrowers’ rates grows wider Money&Co. CEO Nicola Horlick lambasts UK banks and their policy on savings and loan rates in a her latest, hard-hitting blog. “There is no justification for the banks to reduce interest rates for savers. They certainly are not reducing the rates they charge borrowers,” she […]
Savers’ rate cuts aren’t passed on to borrowers Savers have had a tough time over the last few years. Banks continue to pay extremely low rates of interest to depositors and, despite talk of interest rates rising in due course, RBS and Barclays decided recently to cut the savings rate for certain customers. More specifically, […]
Coming to the US stockmarket – but a flotation is all about opinions on share valuation, not lending At Money&Co. we’re understandably interested in the progress of our American cousins in the US loan-based crowdfunding market. The US market is regulated differently, has a different emphasis (in essence it’s more business-orientated, while in the […]
Chairman of the Treasury Committee does not like what he’s hearing from banks – nor regulators Andrew Tyrie, chairman of the Treasury Select Committee offered a virtuoso display of irate discontent in a recent interview with the BBC. He argued in a radio interview that despite a raft of new rules designed to rein in […]
Mecmesin was an A-rated £1m loan with a hugely superior yield Half a million savers at Royal Bank of Scotland (RBS) and NatWest will see their interest rates cut by the end of the year as part of what banks are describing as a “simplification” of their product ranges, reports the Telegraph. The move follows […]
It’s not rocket science, but political consultation is taking time How much longer will the UK government take over consulting about which assets qualify for New Individual Savings Accounts (NISAs)? The savings situation is among UK consumers is critical, as a shocking report in The Mirror, reveals: “Nearly half of working families have less than […]
Signs of life at the “Bank of Vince” The British Business Bank (BBB) is at least partly the brainchild of Secretary of State for Business, Innovation and Skills, Vince Cable. As a consequence it is known amongst a few wags as The Bank Of Vince. But what ever you call it, the new state-owned bank, […]
The banks are raking in deposits despite low yields – and not lending the money back out Lending by major UK banks to non-financial businesses tumbled by nearly a further £1 billion in July. This figure, calculated on a net basis, which takes into account repayments, is produced by the British Banking Association, and reported […]
Money&Co. lenders have been getting much more of this for their investment Lenders to the companies borrowing on Money&Co.’s crowdfunding platform have received an average gross return of more than eight per cent, reports Money&Co. CEO, Nicola Horlick in her latest blog. “We are looking for companies with strong balance sheets and upward momentum in […]