Nearly 60% of businesses seeking bank finance in 2009/10 were rejected by their bank, and 20% are financing their businesses to some extent with credit cards according to IoD data.
Support is building for a global bank tax and a deal could be agreed at the G20 in June, said Gordon Brown this week.
A group calling itself ‘The Robin Hood Tax campaign’ is calling for the government to back a tax on banks’ financial transactions which would be used to tackle poverty and climate change.
Risk has been a key watchword in the banking industry over the past 18 months, but accountants and regulators are at loggerheads over the idea of introducing sector-specific accounting standard
City firms would rather absorb the cost of Alistair Darling's 50% windfall tax than cut back on staff bonuses this year, according to recent reports.
This week the government doubled its investment in bailing out the already part nationalised RBS and Lloyds Banking Group, injecting a further £37bn into the ailing banks.
The major accounting bodies were unimpressed with the Walker Review into corporate governance failures in the UK banking sector, arguing that the proposed changes do not go far enough.
SMEs will have to pass more rigorous tests to demonstrate their creditworthiness in future, and accountants will have a crucial part to play in influencing lender decision making, according to a gl
A severe clampdown on bankers’ pay should be reinforced with the threat of sanctions, warned ministers from the European Union at this week’s G20 summit.