Banks are being squeezed and challenged like never before and the ongoing impact of the pandemic will add further complexity, according to the latest Bishopsgate Financial Change Perspective 2021 report, launched today. Based on the views of industry leaders at the forefront of change, including COOs, CIOs, and Heads of Change from over 25 prominent […]
The government-backed initiative from British Business Bank helps businesses who have been adversely impacted by the coronavirus pandemic by covering interest and fees for the first 12 months of the loan. Amor Homes encountered disruption to the building works of the high-spec properties at the start of the pandemic. Whilst the site remained open throughout […]
United Trust Bank (UTB) has appointed Oliver Hobday as underwriter in its asset finance credit team in preparation of further business growth in 2021. Oliver’s appointment supports UTB’s plans to offer higher value facilities of up to £2m and he will be working closely with a number of UTB’s key broker partners. Oliver joins UTB […]
New data from Euler Hermes insurers confirms predictions that 2021 is likely to bring a flood of corporate insolvencies throughout the world’s largest economies. Half of the countries listed will record a new high since the 2009 financial crisis. Insolvencies in the US will rise 57% on 2019, reflecting the largest rise. Overall, the UK will be […]
Leading digital bank challenger Cashplus has been granted a full UK bank licence by the Prudential Regulation Authority with immediate effect. As a bank, Cashplus can use part of its £500m of customer deposits for lending and aims to provide £1bn of credit to UK small businesses to support the UK’s post-Covid-19 recovery. The firm, […]
Bridge Development Partners, LLC (“BRIDGE”), a privately-owned development and acquisition firm of Class A industrial properties, today announced that it completed over $2.2bn in transactions during 2020. BRIDGE acquired 10 properties totaling approximately 6.5 million square feet, valued at over $1.4bn across BRIDGE’s five regional offices located in Chicago, Miami, New Jersey/New York, Los Angeles/San […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced initial rates and introduced a 1% product fee option across its entire range. Zephyr’s new rates start at 3.04% for a two-year, fixed-rate, standard property buy-to-let mortgage and 3.39% for a standard, five-year, fixed-rate loan for individuals and limited companies. The lender’s rates […]
NatWest has today announced the launch of a new grant finder service in conjunction with Swoop, which will allow UK businesses to search for grants to help their business deal with the ongoing impacts of the CO]ovid-19 pandemic. The bank wants to provide SMEs with greater access to third party funding which is not in […]
New research from Barclays reveals 2020 as the highest year on record for scams, as the value of fraudulent activity increased more than 66% during the months of July to December. The stark increase was driven by high-value and complex scams, with fraudsters cashing in on the nation’s uncertainty during the pandemic. The highest value […]
Specialised chemical manufacturer, FIS Chemicals has secured a £1.7m asset based lending facility from Independent Growth Finance (IGF). The funds raised through invoice discounting and a property loan, were used to support an MBI and to provide working capital to support the growth of the business. Aberdeen-based, FIS Chemicals Ltd have been established since 1980 to design, formulate, manufacture and supply specialised chemicals to industry and commercial operations throughout Scotland, […]
