Category Archives: Mark East

Banks Not Refusing Credit, Just Very Risk-Averse

According to Business Secretary Vince Cable, who was speaking at the CBI conference on alternative sources of finance earlier this week, it’s not that banks are refusing credit, just that the conditions they set are so onerous and so risk averse that it makes it very difficult for small and medium-sized enterprises (SMEs) in particular to raise finance. Continue reading Banks Not Refusing Credit, Just Very Risk-Averse