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Wednesday, 8 June 2011

Treasury Select Committee to ask bank bosses why they have not lent more to SME's

The Treasury Select Committee is to ask why bankers have not met lending targets for SME's.  Watch the debate at this link at 2.30pm 

Vince Cable has threatened to raise a tax on them if they don't.  Could be a difficult meeting!  To face the grilling are;

  • Stephen Hester - RBS,
  • Douglas Flint - HSBC
  • Bob Diamond - Barclays
  • António Horta-Osório - Lloyds Banking Group

We are finding that banks are less willing to lend to businesses as the "work in progress" is not what it was.  Bankers are losing confidence in smaller businesses. 

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