The banks are nothing if not consistent – the systematic failure to support small business continues New research reveals that 59 per cent of start-ups have been rejected for a bank loan to start their business, according to a report from business media outlet, startups.co.uk. The study on which the report is based was undertaken […]
Show them the money! Investors are victims of the banks’ Great Savings Robbery Recent reports in the media and on this site that half a million savers at Royal Bank of Scotland and NatWest will see their interest rates cut by the end of the year as part of what banks are describing as a […]
The gap between bank deposit rates and loan returns has got even wider The UK’s banks get a real roasting in the latest blog by Nicola Horlick, Money&Co.’s CEO. The numbers tell their own story. As banks ruthlessly cut savings rates, as highlighted in recent reports in the media and on this site, the gap between […]
Innovate Finance is off to a good start Chancellor George Osborne’s speech this week end yielded two pieces of good news. The first was more funding for the British Buiness Bank, and the second was a sign that the new talking shop, Innovate Finance, might be able to get things done rather than just talk […]
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, […]
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 […]
Bankers: proper pledge or pious aspiration? “Would it make any difference if bankers were made to swear an oath when they entered the profession like doctors?” asks Money&Co. CEO, Nicola Horlick in her latest blog. The answer, in the full text, is an unequivocal “no”. “ResPublica, an independent, non-partisan think tank, thinks it would. In […]
There’s gold in them there hills – just not for bank deposit account customers Would it make any difference if bankers were made to swear an oath when they entered the profession like doctors? ResPublica, an independent, non-partisan think tank, thinks it would. In a paper published this week, the authors argue that virtue needs […]
The banking system is broken, and it does need fixing Money&Co. CEO Nicola Horlick lambasts the UK banks in her latest blog – to be published in full tomorrow, with an excerpt in the Metro newspaper. Here’s a sneak, exclusive snippet from the full text. After pointing out that lending to small and medium-sized enterprises […]