Business Finance Junction – October 2013

Business Finance Junction – October 2013

Phase Two of Help-To-Buy (HTB), in which taxpayers guarantee up to 15% of a new mortgage, means that Applications will now be allowed from early October. However, lenders will not be able to buy guarantees for the mortgages they offer until January 1, 2014.  Lenders will be able to start writing loans but it’s still unclear [...]
Business Finance Junction – October 2013

Business Finance Junction – September 2013

HSBC is to increase its charges for 700,000 small business customers with many losing their free banking service as part of an overhaul of accounts. HSBC’s move is towards a more ‘transparent’ system of charges. Current account holders will be able to switch banks this month after the Payments Council confirmed a new switching service (account [...]
Business Finance Junction – October 2013

Business Finance Junction – August 2013

The month opens with the UK Bank’s Interim results being issued. Barclays’ boss had previously suggested it may cut lending if it has to meet new demands (discussed with the BoE/PRA) that plus other updates, including capital-raising is expected to be announced alongside the profits report.  Lloyds’ announcement could report a jump in profits which would see [...]
Business Finance Junction – July 2013

Business Finance Junction – July 2013

On July 1, former Bank of Canada Governor Mark Carney will replace Sir Mervyn King as Governor of the Bank of England with a first Monetary Policy Committee (MPC) meeting on July 3 and 4. Mr Carney sees that an important role for Central Banks is to offer “forward guidance” when the economy and monetary policy [...]
Business Finance Junction – June 2013

Business Finance Junction – June 2013

The Bank of England’s Financial Stability Report (second for the year) is published 26 June, under the guidance of the Financial Policy Committee. Doing what it says on the tin, it gives an assessment of the financial sector: stability and resilience, plus any actions that it advises to reduce risks to stability. Plans by the Co-op Bank [...]