Compare Annuities  

Get latest annuity rates now

Free Pension Healthcheck  

Get a free online consultation now

Business Banking News

  • ABC opens New York branch

    Agricultural Bank of China Limited (ABC) has officially opened its New York branch, a milestone that the firm described in a press release as an important breakthrough in the development of its business overseas. China and the US are the … Read more »

  • UK retailers pin growth hopes on overseas sales

    Two thirds of British retailers expect their overseas sales to increase over the next five years and name Germany as the market most likely to provide growth. According to research from Barclays, nearly a quarter of retailers questioned named Germany … Read more »

  • Commerzbank celebrates securitisation success

    Commerzbank is celebrating its latest success in the securitisation market, saying that with CoCo Finance II-1 it successfully placed mezzanine capital risks amounting to some €120 million of accounts receivable from European mid and large-caps. The synthetic transaction has been … Read more »

  • Private sector firms hold on to surplus staff

    A new survey from the Chartered Institute of Personnel and Development (CIPD) claims that during the past year, almost a third of private sector firms have maintained staff levels above what is required for their current level of output. The … Read more »

  • UK home to 146,000 “zombie” businesses

    Around 146,000 firms across the UK have been classified as “zombie” businesses by insolvency trade body, R3. The term applies to businesses that are only able to pay the interest on their debts, but not reduce the debt itself. According … Read more »

  • SME confidence improves but investment falters

    The latest Business in Britain survey from Lloyds TSB Commercial shows a lift in confidence despite concerns over demand from within the UK and the eurozone. Demand from the rest of the world is expected to remain relatively strong, with … Read more »

  • More banks to review interest rate hedging sales

    Seven additional banks have volunteered to review their sales of interest rate hedging products to small and medium-sized businesses, the Financial Services Authority (FSA) has reported. Allied Irish Bank (UK), Bank of Ireland, Clydesdale and Yorkshire banks, Co-operative Bank, Northern … Read more »

  • Government launches export refinance facility

    The Government has unveiled plans for a £5 billion export refinancing facility aimed at supporting British exporters by ensuring that overseas buyers have the long-term funding they need to buy UK goods and services. UK Export Finance will begin supporting … Read more »

  • BoE launches £80bn Funding for Lending Scheme

    The Bank of England and HM Treasury have launched a new scheme aimed at boosting lending to the real economy. The Funding for Lending Scheme (FLS), which has been designed to counter the impact of the eurozone debt crisis, allows … Read more »

  • HSBC tracks China’s economic slowdown

    China’s economic slowdown is continuing, with the HSBC Purchasing Managers’ Index (PMI) for June showing month-on-month activity in decline for the eighth successive month. The country’s PMI fell to 48.2, reaching its lowest point since November 2011, with output, new … Read more »

  • Banks agree SME rate-hedging redress

    Having found serious failings in the sale of interest rate hedging products to Britain’s small and medium-sized businesses, the Financial Services Authority (FSA) has announced that it has reached agreement with Barclays, HSBC, Lloyds and RBS to provide appropriate redress … Read more »

  • ABC opens Vancouver office

    Agricultural Bank of China Limited (ABC) has opened its new representative office in Vancouver, the firm’s second office in the Americas. Sino-Canadian bilateral trade and investment has increased in recent years, and ABC presently has financial relationships with 11 of … Read more »

  • HSBC declares tipping point in balance of trade power

    The world has reached a tipping point in the balance of trade power, with imports in emerging markets set to grow at a faster pace than their exports, HSBC’s latest Global Connections report claims. According to the bank, domestic demand … Read more »

  • 26% of UK retailers at risk of failure

    Research by insolvency trade body R3 suggests that in the UK retail sector, 26% of businesses are currently in the “caution” or “high risk” band, in terms of likelihood of company failure in the next twelve months. Yesterday was the … Read more »

  • Renewed credit squeeze for SMEs

    The UK’s big banks have renewed their lending squeeze, according to the Federation of Small Businesses (FSB), with four in 10 of Britain’s smaller enterprises refused credit in the last three months. The latest FSB quarterly survey also reveals that … Read more »

  • Deutsche Bank breaks ground on cross-border RMB payments

    Deutsche Bank says it has completed the first cross-border Renminbi (RMB) payment under the People’s Bank of China (PBOC) Shanghai’s Simplified RMB Cross-Border Payment Pilot Scheme. The bank executed a trade payment denominated in RMB for the Chinese subsidiary of … Read more »

  • Silicone Valley Bank opens London branch

    Silicon Valley Bank, which describes itself as a financial partner to the technology, life science, cleantech, private equity and venture capital industries, opened a branch in London today, to serve both local and international businesses. The Santa Clara based lender … Read more »

  • J.P. Morgan launches South African escrow service

    J.P. Morgan Treasury Services has launched escrow services in South Africa to assist clients in mitigating risk in relation to mergers and acquisitions, trade finance, project and construction finance transactions, and litigation. Already a leading escrow provider in the US … Read more »

  • Government launches alternative SME lending scheme

    The Government is asking for applications to manage £500 million of investment available through the Business Finance Partnership (BFP), a new scheme that aims to ease the flow of credit to small and mid-sized enterprises by diversifying their sources of … Read more »

  • Barclays appoints head of corporate asset finance

    Barclays has appointed Dennis Watson as its new head of asset finance within the bank’s corporate division. Mr Watson is already responsible for Barclays’ real estate, project finance and mezzanine debt origination teams and is assuming control of the asset … Read more »