The role lenders play in enabling small and medium-sized enterprises (SMEs) to achieve their potential cannot be overstated. Without their timely and strategic injections of capital, companies would neither be able to get off the ground nor have the necessary funding to grow, expand and invest. Moreover, with KYC requirements and covenants, lenders play an…

Older homeowners are using their property wealth to clear debt and help family with nearly three-quarters of the £884 million released going to boost their finances and support relatives,  according to new analysis from equity release adviser, Key. Figures from the company’s Quarter 3 (Q3) Market monitor report highlight that the market has returned to…

Harley Kagan, currently Group Managing Director of United Trust Bank (UTB), is to become the Chief Executive Officer (CEO) of the bank from January 2021. The appointment comes as current CEO, Graham Davin, announced his intention to step down from the role he has held since leading a management buy-out of the Bank in 2004.…

Data published by UK Finance reveals that contactless payments by debit card reached record levels in August, accounting for 62 per cent of all debit card transactions. Just under half (45 per cent) of all credit card transactions were contactless, with the number of contactless credit card transactions in August increasing 14.6 per cent compared…

Banks and building societies have agreed to allow six month mortgage holidays up until 31st July, 2021, with the industry agreeing the move with the Financial Conduct Authority (FCA). Lenders have committed to renewed support for mortgage customers facing financial difficulty as a result of the Covid-19 pandemic, as the Financial Conduct Authority (FCA) confirms…