The UK Competition and Markets Authority (CMA) has published its anticipated report on the retail banking sector. The document, entitled, “Retail Banking Market Investigation: Provisional Decision on Remedies,” is a 405 page document delivering a deep dive into the challenges of traditional banks. The CMA outlines… Read More
GLI Finance has announced a proposed purchase of “certain interests in entities within the Sancus and BMS sub-groups of the Company.” GLI has entered into a conditional agreement and states it does not require shareholder approval to proceed with the acquisition but wanted to give… Read More
The Parliament committee on Business, Innovation and Skills (BIS), has launched an inquiry regarding access to finance. According to information posted on the UK Parliament site, members are seeking to better understand how access to finance has developed since the financial crisis and what exactly… Read More
The Bank of England has published the quarterly update on the Funding for Lending Scheme (FLS) for Q1 of 2015. According to the report, net lending by FLS Extension participants to SMEs was £0.6bn in the first quarter of 2015. This compares with quarterly net… Read More
GLI, a UK based firm that is heavily invested in alternative finance, has invested in the first regulated peer to peer lending platform in Spain – MytripleA. According to a company release, GLI lead a € 1 Million funding round, kicking in € 445,500 for a 9.9%… Read More
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