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(7 April 2010 – UK) Experian, a global information services company, has launched an information sharing scheme, Commercial CAIS, where all major creditors engaged in commercial lending will have to start sharing details of credit commitments undertaken by both limited and non-limited businesses, as well as how they are performing on them.
(31 March 2010 – UK) Business Secretary, Lord Mandelson, has allocated £180 million (A$294 million) in funding for the Post Office ‘Peoples’ Bank’, which will path the way for a ‘major expansion’ of the current financial services offered.
(30 March 2010 – UK) JP Morgan has appointed Tim Throsby as global head of equity derivatives and regional head of equities for Europe, Middle East, and Africa (EMEA).
(29 March 2010 – Global) The chief executive officer of National Australia Bank, Cameron Clyne, has said that while the British banking sector was starting to recover, any move to sell its Clydesdale and Yorkshire banks or to acquire any other British assets would have to be financially accretive.
(26 March 2010 – UK) The managing director for Deutsche Bank’s corporate broking division, Martyn Dodgson, who was arrested earlier in the week, reportedly was part of the team responsible for advising the government on the capital raising required to pull Lloyds Banking Group out of the Asset Protection Scheme.
(24 March 2010 – UK) As state-owned banks in Britain struggle to meet their current lending targets, a government source has revealed changes to the way part-nationalised banks will measure lending to businesses.
(23 March 2010 – England) The British Labour party is hoping to tap into the public’s discontent with the nation’s banks, as it makes the creation of a People’s Bank the angle of its campaign.
(22 March 2010 – England) Data from the Bank of England revealed last week, showed that lending to businesses in the UK fell at a record annual pace in January, while broad money supply grew last month at the slowest pace in a decade as the UK struggles to recover.
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