Biggest banks pass financial stress test

14th December 2021 Consumer Lending | #consumer lending

A new report by The Bank of England (BoE) says that Britain’s financial system is healthy enough to withstand a deep recession. The report found that major UK banks are strong enough to keep supporting households and businesses, even in severe scenarios. The Bank’s annual stress test found that the country’s eight biggest lenders would…

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Consumer finance new business grows by 13%

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 13% in August 2021 compared with the same month in 2020.  In the eight months to August 2021, new business remained 15% higher than in the same period in 2020. The retail store and online credit sector…

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