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BBA publishes business support principles

The British Bankers’ Association has published a set of principles outlining how banks will support business customers through the downturn.

The revised Statement of Principles was agreed yesterday by small business representatives and the Department of Business, Enterprise and Regulatory Reform.

The principles emphasise the importance of openness and early collaboration between banks and entrepreneurs.

Angela Knight, chief executive of the BBA, has written the foreword for the publication. In it she says: “The principles show that banks are committed to working with business customers to find ways of overcoming the difficulties they may face in changing markets and through the economic cycle.

“They also emphasise that if business owners and managers take early advice and action they can work with the bank to sort out their difficulties.”


Another firm attempts to rise from the ashes

The phoenix firm phenomenon continues to sweep the mortgage and loan industries despite the Financial Services Authority announcing a crackdown on the practice.


To the outside world, hedge funds have historically been seen as closed organisations that seem to make a lot of money – though, granted, most people haven’t the foggiest how they do it. Well now could be the time for more clarity.

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Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


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