Limited Scope for Lending Sanctions Darling's Hands Are Tied Over Bank Loans for Small Firms Analysis
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Summary
ALISTAIR Darling's exchanges with the bosses of Britain's big banks yesterday were, we are led to believe, "robust". The Chancellor thinks banks should be lending more, especially to smaller businesses, and on keener terms. If they don't, he fears, economic recovery could be gravely compromised. So he had their top men in to the Treasury for an hour for some very blunt words.
More intensive discussions are now planned over coming weeks with individual banks, at chief executive level, to understand what obstacles there are to freeing up lending and bringing the cost of credit down.See the full content of this document
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Limited Scope for Lending Sanctions Darling's Hands Are Tied Over Bank Loans for Small Firms Analysis
However, while Mr Darling warns banks his people will now be "looking over their shoulder", this Chancellor baulks at the very idea of government deciding, even for those banks in which it now holds large equity stakes, on the credit worth...
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