banks

  • Manufacturers reluctant to borrow from banks

    Growth and investment are at risk because manufacturers remain disengaged from the banking sector with the legacy of the financial crisis still playing a significant role in their attitudes towards external finance. According to new research from EEF, the manufacturers’ organisation, over eight in ten manufacturers are confident of securing finance for a new business opportunity. However, while just over a third say they are more likely to use external finance than ...

    Posted at August 8, 2016 | By : | Categories : News | Comments Off on Manufacturers reluctant to borrow from banks
  • Bank lending to business recovering

    In its latest forecast, EY’s ITEM Club sees the UK recovery looking encouraging, with GDP expected to grow by 2.7% in 2015. Consumer spending is on the rise and growth in business lending is predicted to move back into positive territory for the first time since 2008. However, banks are having to factor in the possibility of further fines for regulatory breaches, and the tax announcement in the Summer Budget, which will squeeze them further. Other ...

    Posted at August 3, 2015 | By : | Categories : News,Rural Business | Comments Off on Bank lending to business recovering
  • Cybercriminals steal $1bn from banks

    During a joint investigation, Russian internet security firm, Kaspersky Lab, Europol and Interpol have uncovered an unprecedented cyber-crime operation in which attackers stole one billion US dollars from around 100 financial institutions worldwide. Experts believe that a group of cybercriminals from Russia, Ukraine and some other European countries, as well as China, are behind the attack. Unlike many other incidents, this robbery marks a new stage - now, cybercriminals can steal money directly from banks, rather ...

    Posted at February 16, 2015 | By : | Categories : News | Comments Off on Cybercriminals steal $1bn from banks
  • Banks to rebalance towards SMEs

    SMEs are still looking to banks as their primary source of funding, according to Ernst & Young's (E&Y) ITEM Club. However, the respected economic forecaster is predicting subdued growth in business lending in 2014, at just 1.5%, as larger firms increasingly turn to other sources of finance to drive investment. Businesses are expanding investment but growing profits and existing large cash balances mean they can make more use of other means of funding, such as bond issues ...

    Posted at May 12, 2014 | By : | Categories : News,Rural Business | Comments Off on Banks to rebalance towards SMEs