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Article: Lloyds and RBS missing government set business lending targets?
- Article from:
- Europe Intelligence Wire
- Article date:
- May 26, 2009
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(From Banking Newslink)
The Sunday Telegraph reports that Lloyds Bank and Royal Bank of Scotland are claiming that it is not their fault that they may miss the targets for business lending they agreed with the government. The banks claim that big corporates do not want to borrow from the banks currently and that this is the reason for their failure. Bank of England figures showed that last month there was a net decline in bank outstandings to businesses. RBS was supposed to lend an additional GBP25bn and Lloyds an additional GBP14bn to business over the course of this year and next. It is thought that of ...