European Investment Bank to provide National Grid with investment loan of £1.5bn

The European Investment Bank (EIB), the long-term lending institution of the European Union owned by its Member States, announced on Friday that it has agreed to lend investment funding of GBP1.5bn to British multinational electricity and gas utility company National Grid plc. According to […]

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NatWest, RBS launch £250m loan fund for UK firms hit by floods and gales

UK businesses hit by recent storms are to be provided with access to short term, interest free loans of up to GBP250,000 from the two principal

Payday loans used to see Brits through xmas

Payday loans used to see Brits through xmas – with interest rates of 4,000%

Research has revealed millions of Britons struggling for money are considering taking out payday loans – which sometimes carry interest rates of as much as 4,000 per cent


Barclays cuts fixed rate mortgages by up to 0.41 percentage points

In its eighth rate reduction in a row Barclays yesterday made cuts of up to 0.41 percentage points to 60 per cent of its Woolwich fixed rate mortgage

Banks Pledge GBP 76 Billion Available to Lend SMEs in 2011

The long-awaited results of Project Merlin - a deal between the banks and the government - have finally been announced and even the most pessimistic amongst us can

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