Peter Snowdon, partner in the financial services team at Norton Rose, discusses the implications of the Independent Commission on Banking's interim report.
Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.
There’s been a general rush to pin blame on the banks for the current dearth of business finance. Here, we give bankers a chance to put their side of the story and ask them what they’re looking for from their business borrowers.
The quality of service provided to businesses by banks is rising, claims Nick Goulding, chief executive of the Forum of Private Business (FPB), but there is still scope for improvement.
Business banking is a fiercely competitive market these days, with financial institutions fighting it out for a share of the sector. As a result, high street banks now offer added-value services that were once the sole preserve of blue-chip clients to small and medium-sized enterprises.
I was wondering how I would go about opening up a bank account in American dollars that would let me write US dollar cheques and deposit cheques in that currency? We have a UK operating address but a lot of American customers.
