Tagged: bank of england

December 2, 2014 @ 3:56 pm By JD Alois  |  

As expected, the Bank of England and HM Treasury have jointly announced a one year extension of the Funding for Lending Scheme (FLS).  The program, launched back in July of 2012, is designed to encourage lending to SME’s.  To date the program has failed to… Read More

November 30, 2014 @ 5:27 pm By JD Alois  |  

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

July 18, 2014 @ 8:53 am By JD Alois  |  

In contrast to a negative outflow during the previous period, net lending to UK businesses took a positive tack this past May.  The annual rate of growth in the stock of lending to SME’s and large businesses remained negative though.  This is from the Bank… Read More

May 29, 2014 @ 8:05 am By JD Alois  |  

The Bank has today published updated data on the use of the Funding for Lending Scheme (FLS). Today’s publication shows the net quarterly flows of lending to UK households and businesses eligible under the Scheme up to the second quarter of 2013. The aim of… Read More

April 22, 2014 @ 2:48 pm By JD Alois  |  

The Bank of England just released their periodic Trends in Lending report. In brief; “The annual rate of growth in the stock of lending to UK businesses remained negative in the three months to February. The stock of lending both to small and medium-sized enterprises and… Read More

December 17, 2012 @ 10:22 pm By JD Alois  |  

  Following the comments by Bank of England Director Andrew Haldane which challenged the hegemony of the traditional banking industry in the UK several Crowdfunding leaders voiced their support in CityAM for his comments; “pretty strong evidence that we are becoming a major threat”, and that… Read More

December 17, 2012 @ 7:45 am By JD Alois  |  

As reported in the Telegraph, Andrew Haldane a Bank of England Senior Director is on record stating; “I see opportunity knocking for finance,” he added. “Hopefully, the growth of peer-to-peer lenders and those involved in crowdfunding will help solve the problems we have with lending… Read More

October 31, 2012 @ 3:02 am By JD Alois  |  

Senior Bank of England executive Andy Haldane has backed calls for the creation of a shared database for the storage of customer account details, arguing that the move would help boost competition in financial services. In a speech at Occupy Economics’ Socially Useful Banking event… Read More