Improving Financial Outcomes — The FCA’s Three-Year Strategy

Most people would agree that the financial sector has been in dire need of more targeted regulation — and, on the whole, those companies that have always operated ethically would also agree. In a sector tarnished by everything from the LIBOR scandal to consumer scams, tougher regulations should allow firms already meeting or exceeding those standards to get a head-start. What’s the Background to the Strategy? S
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Meet the permanent non-borrowers

Meet the permanent non-borrowers. They’re the businesses that won’t be borrowing money from external sources, such as the high street banks, to expand. You might argue that it’s one of the longer-lasting effects of the global crash. Whatever the cause, a majority of small and medium-sized enterprises now meet the definition of permanent non-borrowers (PNBs), according to the recently published BDRC Continental SME Fi
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Debt collectors make headlines with two big takeover deals

Two big takeover deals involving well-known debt collection firms in the past month caught my eye. First, the company described by the Financial Times as Britain’s largest debt collector, Cabot Credit Management, which is controlled by American debt recovery group Encore and New York buyout house JC Flowers, bought its smaller UK rival Marlin Financial. Marlin and its £2 billion worth of loans were bought from privat
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Face to face meetings make business personal again

  Once upon a time your bank manager would, according to the television ad by the London clearing banks, pop out of a cupboard under the stairs to lend a financial helping hand. At the time the high street banks had a gentleman’s agreement not to advertise individually on TV, but wanted more people to open current accounts boasting such innovations  as cheque guarantee cards. Obtaining a bank loan depended then
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