A Business Failing Is of No Benefit, Banks Want Them to Exit the Recession

Summary

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Refusing to give credit, raising the criteria on lending and charging unreasonable amounts on business loans - these are just some of the accusations that have been levelled against some UK banks since the downturn began. But Peter Ibbetson, chairman of business banking for Natwest and Royal Bank of Scotland, has dismissed these claims and says that money is being lent to help businesses in Derby grow. He spoke to business editor Robin Johnson.

THE past two years have been a very sobering experience for the UK's banks and, depending on the outcome of the General Election, there could be more upheaval to come.

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Extract

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A Business Failing Is of No Benefit, Banks Want Them to Exit the Recession

But it has perhaps been even more of a traumatic experience for the small businesses who rely on their banks to provide the vital funds to sustain their growth.

At the height of the banking crisis, a number of firms complained that their access to credit had dried up, with the flow of cash from their bank going from a torrent to a trickle alm...

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