Banks

Bank urged to act 'rapidly' on money supply

The Bank of England needs to act “rapidly” and “forcefully” if the recession is not to deepen.

Banks say small firm lending rose last year

UK high street banks increased their term lending to small businesses by 9 per cent in 2008, according to figures from the British Bankers’ Association (BBA).

Business groups call for government intervention on credit

Conditions will worsen for UK businesses over the next three months as a result of the squeeze on credit unless the government takes further action, the CBI has warned.

More lending not just cheaper borrowing, business urges

The Bank of England’s decision to lower interest rates to a new historic low of 1 per cent has been met with a mixed reaction from the business community.

Bonus rate accounts used to entice savers

Banks and building societies are boosting the bonuses they offer people opening new savings accounts in an effort to recruit extra customers.

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