Vince Cable: ‘The traditional high street banks have forgotten how to lend’

Business secretary expresses worry over big four’s reluctance to support business lending and praises new-style banksWhen Jonathan Eddy wanted finance for his Basingstoke-based business, one of the traditional high street banks offered him a competitively priced loan – but then threw in fees that made it too expensive for him to proceed. Eddy, managing director […]
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Cable seeks grounds to ban former HBOS heads

Whitehall officials have been asked to check if there are grounds to ban former HBOS bosses from serving as directors Three former directors of HBOS could be banned from serving as company directors after business secretary Vince Cable asked civil servants to consider whether those responsible for the bank’s collapse in 2008 deserve to be […]
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Vince Cable seeks grounds to ban former HBOS directors

Whitehall officials have been asked to check if there are grounds to ban former HBOS bosses from serving as directors Three former directors of HBOS could be banned from serving as company directors after business secretary Vince Cable asked civil servants to consider whether those responsible for the bank’s collapse in 2008 deserve to be […]
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Vince Cable looks at banning former HBOS directors

Officials examine powers to take legal action against bosses whose ‘toxic’ errors ended in losses of £47bn Three former directors of HBOS could be banned from serving as company directors after business secretary Vince Cable asked civil servants to consider whether those responsible for the bank’s collapse in 2008 deserve to be disqualified.Sir James Crosby, […]
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Vince Cable urges greater capital spending

Business secretary presses George Osborne to inject further cash into infrastructure projects in this month’s budgetVince Cable has expressed “deep disappointment” at the coalition government’s record on capital spending, in a move meant to increase pressure on George Osborne to inject further cash into infrastructure projects.The business secretary said the government should refocus on 40 […]
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