The banks may not be lending enough to business, but other sources are plugging the gap, writes Malcolm Small, Senior Advisor on Financial Services Policy at the IoD. It is almost possible to feel sorry for the big banks at the moment (alright, not much, and not for long) as they are being asked by politicians and regulators to do two mutually exclusive things: “lend more to business” by the former and “build more, even more, reserves of capital” by the latter. The money cannot be in two places at the same time. No matter how much the banks try … Read More »
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