Sunday, 28 July 2013

Economy News Headlines - Yahoo! News: British banks still credit-shy towards small firms, study finds

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more. 
British banks still credit-shy towards small firms, study finds
Jul 28th 2013, 23:28

The Canary Wharf financial district is seen in east LondonLONDON (Reuters) - Britain's risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions. Banks have clashed with policymakers and regulators over the reasons for scant flows of credit to small and medium-sized enterprises, seen as vital to Britain's economic recovery, arguing that firms lack confidence to borrow and invest. ...


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