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Interesting piece this one! I wonder about its authenticity but it's not hard to imagine this to be true. If lending is not lending for Productive Ventures, Investment that creates wealth and Jobs, then it is another waste of resources and Time.
Commented Apr 22, 2013 on UK banks fudge Funding for Lending to SMEs at The Financial Services Club's Blog
UK banks fudge Funding for Lending to SMEs
I was trying to find out about the UK Government's Funding for Lending Scheme and why it isn't working, and managed to meet a senior small business lending manager with one of the UK's largest retail banks. He spoke to me off the record, but here's a summary of the discussion. It's pretty enlig...
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