British Business Bank cuts jobs in automation push Banking The British Business Bank slashed its headcount in the last year as the government-owned economic development bank underwent a major restructuring. The bank – which backs loans from financial institutions in a bid to drive up UK small business lending – said in its annual report “a number of colleagues were placed at risk under [...]
British Business Investments reports sharp drop in annual profit UK Investments British Business Investments reported a sharp drop in annual profit on Tuesday as it lamented a challenging economic backdrop in the UK. British Business Investments is a subsidiary of the British Business Bank, a government-owned development bank. BBI aims to improve access to alternative finance for smaller businesses in the UK while making a commercial [...]