The past year has revealed which businesses and sectors are resilient and exposed a number that are not. Many of those that have survived have restructured, shifted online, or sought new income streams to survive, and some have taken advantage of the pandemic and become more profitable. For many, cash has been abundant thanks to […]
As governments scramble to stimulate economic growth in the face of the ongoing global health crisis, and profits and interest rates take a hit, nearly two-thirds of the world’s 500 most valuable banking brands have recorded brand value losses, according to the latest report by Brand Finance. The industry has seen a dramatic downturn in […]
Despite fears of a property market crash due to Covid, house prices are at an all-time high and the latest research by property developer, StripeHomes, has revealed which pockets of the market are currently fighting fit based on house price growth since the last market crash. Biggest market declines Back in Q3 of 2007, the […]
Cambridge & Counties Bank, the specialist lender, is waiving the documentation fee for all asset finance deals drawn under a credit line between 1 February – 30 April this year. The bank’s business customers will save a £200 documentation fee each time they draw down from a pre-agreed credit line during the promotional period. The […]
Paragon Bank has provided a £4m funding package to London-based developer Farleigh to fund the development of Mulberry House, 25 new homes in Dorking, Surrey. Mulberry House will comprise 25 exclusive apartments, each built to Farleigh’s high specification. The funding from Paragon’s specialist Development Finance team has enabled the business with both the acquisition and […]
B-North, the Manchester-based firm building a regional SME lending bank for the UK, has appointed Jackie Ewer as Head of Operational Risk & Compliance. Jackie joins with more than 30 years’ financial services experience, with the last 15 years focused on operational risk, compliance risk and financial crime risk. Jackie is well versed in the […]
Recognise Bank (“Recognise”), a subsidiary of City of London Group plc (AIM: CIN), and the UK’s newest SME bank, is pleased to announce that it has successfully completed a complex transaction that involved supporting a clientwith a £4m loan. The £4m loan will be used by a property investment and development firm to complete the […]
The Board of Banking Competition Remedies Ltd (BCR) today publishes the first update from Pool E recipients, providing a summary of performance against their public commitments to the period 30 November 2020. Onfido has undertaken a strategic review of its business, and as part of this process, decided to return its £5m award to BCR. […]
Fintech Miconex has revealed that over £1.9m was spent through its Town and City Gift Card programmes in 2020, providing evidence that consumers are turning to local, multi-venue gift card programmes in a bid to support local businesses. The 2020 sales data represents 350% year on year growth for the firm. Perth based Miconex took its total […]
Leading corporate finance provider Goodman Corporate Finance is opening a new office in Plymouth to focus on serving small to medium-sized enterprises across the South West region. The specialist broker, which offers a range of bespoke corporate finance solutions, real estate and business advisory services, is expanding from its East Midlands base, with the aim […]
