Banking News | Banking | Interest Rates | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/banking/ Business News Fri, 08 Sep 2023 08:20:18 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Banking News | Banking | Interest Rates | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/banking/ 32 32 British Business Investments announces £20 million Tier 2 facility with DF Capital https://londonlovesbusiness.com/british-business-investments-announces-20-million-tier-2-facility-with-df-capital/ Fri, 08 Sep 2023 08:20:18 +0000 https://londonlovesbusiness.com/?p=142411 British Business Investments today announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide an additional £300m+ of new lending per annum, to…

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]]> UK business economy is ‘on a knife-edge’  https://londonlovesbusiness.com/uk-business-economy-is-on-a-knife-edge/ Fri, 01 Sep 2023 04:32:45 +0000 https://londonlovesbusiness.com/?p=141262 Lloyds Bank Business Barometer measure of confidence jumped by 10 points in August to 41%, this is the highest since February 2022. Lloyds Bank reported their hiring intentions are the…

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]]> Consumers warned of ‘out-of-the-blue’ reductions in credit card limits, as rates hit new high https://londonlovesbusiness.com/consumers-warned-of-out-of-the-blue-reductions-in-credit-card-limits-as-rates-hit-new-high/ Wed, 30 Aug 2023 12:16:21 +0000 https://londonlovesbusiness.com/?p=141031 In its July Money and Credit report published this morning, the Bank of England revealed that the effective rate on interest-bearing credit cards rose by 34 basis points to a new…

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]]> Inflation data: Any gain for savers ‘may be very short-lived’ https://londonlovesbusiness.com/inflation-data-any-gain-for-savers-may-be-very-short-lived/ Wed, 16 Aug 2023 09:19:07 +0000 https://londonlovesbusiness.com/?p=140286 The Consumer Prices Index rose by 6.8% in the year to July, the Office for National Statistics reports, down from 7.9% in June, meeting City economists’ expectations. That’s the lowest…

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]]> Family-owned van hire business gears up for growth with £3.5 million funding from HSBC UK https://londonlovesbusiness.com/family-owned-van-hire-business-gears-up-for-growth-with-3-5-million-funding-from-hsbc-uk/ Wed, 16 Aug 2023 06:09:05 +0000 https://londonlovesbusiness.com/?p=140264 A London-based family-owned van hire business has grown its fleet following support from HSBC UK. Pace Van Hire is set for major growth following a £3.5million asset finance facility from…

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]]> Halifax latest major lender to announce rate cuts https://londonlovesbusiness.com/halifax-latest-major-lender-to-announce-rate-cuts/ Wed, 09 Aug 2023 15:04:44 +0000 https://londonlovesbusiness.com/?p=138671 Halifax has just declared updates to its product offerings that will go live from Friday, 11 August. Notably, the most significant cuts are seen in Halifax’s 5-year fixed rate options.…

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]]> Nick Williams from Lloyds Banking Group joins the FLA Board https://londonlovesbusiness.com/nick-williams-from-lloyds-banking-group-joins-the-fla-board/ Wed, 09 Aug 2023 10:10:09 +0000 https://londonlovesbusiness.com/?p=138633 The Finance & Leasing Association has appointed Nick Williams, Managing Director of the Transport business at Lloyds Banking Group, to the FLA Board. Stephen Haddrill, Director General of the FLA,…

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]]> Premium pet retailer to expand in the UK and internationally with support from HSBC UK https://londonlovesbusiness.com/premium-pet-retailer-to-expand-in-the-uk-and-internationally-with-support-from-hsbc-uk/ Wed, 09 Aug 2023 07:25:49 +0000 https://londonlovesbusiness.com/?p=138618 A pet care retailer headquartered in West Sussex has secured an eight-figure funding package from HSBC UK to support its growth nationally and internationally, and to create up to 320…

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]]> ‘Millions of pounds in interest being lost’ in Zombie accounts as rates rise https://londonlovesbusiness.com/millions-of-pounds-in-interest-being-lost-in-zombie-accounts-as-rates-rise/ Mon, 07 Aug 2023 09:32:11 +0000 https://londonlovesbusiness.com/?p=138458 Financial advisers have warned that rising interest rates are resulting in millions of pounds in interest being lost in “Zombie bank accounts.” Zombie bank accounts are those neglected, obsolete or…

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]]> The GBP Sterling slightly declined as the start of trading, down by 1.26% https://londonlovesbusiness.com/the-gbp-sterling-slightly-declined-as-the-start-of-trading-down-by-1-26/ Thu, 03 Aug 2023 14:27:43 +0000 https://londonlovesbusiness.com/?p=138339 The GBP Sterling has slightly declined at the beginning of Thursday’s trading, down by 1.26% for the week. Shortly ago, the Bank of England’s meeting concluded, and as expected, they…

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