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The Bank of England is aligning with the US Federal Reserve by relaxing capital requirements for lenders under the Basel 3.1 framework. On Thursday morning, the Prudential Regulation Authority (PRA) announced a six-month postponement of the Basel 3.1 standards, introducing...
#capital requirements#PRA#SME lending
UK Finance today releases its latest Business Finance Review which reports on the finance needs of small and medium-sized enterprises…
#Business Finance Review#David Raw#gross lending
Commenting on the Autumn Statement and UK GDP data reflecting uncertainty for SMEs despite Labour’s victory, Douglas Grant, Group CEO…
#alternative lenders#Douglas Grant#GDP data
Over 3.6 million small and medium-sized enterprises (SMEs) in the UK, or 72 per cent, are dealing with outstanding late…
#Aldermore's SME Growth Index#late payments
Tide, the UK’s leading business financial platform, has reached one million customers (members) globally, a significant milestone for the company.…
#small business#sme finance#Tide
Coventry business Expert Technologies Group has won a multimillion-pound contract in Spain following a €1.4m financing deal. A supplier to…
#Angelo Luciano#Duncan Ruffle#Expert Technologies Group
Time Finance is delighted to announce role changes of three of their senior management team. Steve Nichols, Sharon Bryden and…
#Lorraine Neyland#Sharon Bryden#Steve Nichols
WeDo Business Services, a UK specialist in invoice and trade finance, has bolstered its leadership team with two strategic hires…
#invoice finance#Managerial Appointments#trade finance
Lloyds Bank has teamed up with Cleareye.ai to enhance the efficiency of trade finance processing through artificial intelligence (AI). The…
#AI#Cleareye.ai#digitisation
The latest Lloyds Bank Business Barometer showed that business confidence remained at 50 per cent in August. Although there was…
#Hann-Ju Ho#Lloyds Bank Business Barometer#Paul Gordon
A Scottish firm selling specialist machinery has won a £1.1m export contract following support from UK Export Finance (UKEF). UKEF…
#Graham Vance#Lara McGrath#RAM Engineering
Time Finance plc, the AIM listed independent specialist finance provider, has announced the approval as an accredited lending partner under…
#CBILS#Ed Rimmer#Growth Guarantee Scheme
British honey brand Hilltop Honey has secured a banking package from Santander UK totalling £10m to support it with its…
#Hilltpo Honey#International Trade#invoice finance