Close Brothers looks to ‘accelerate’ after ‘messy’ year October 1, 2025 Close Brothers is hoping to switch gears and “accelerate” after the motor finance scandal had the bank stuck in a rut. The specialist lender’s share price has swerved between a low of 185.00 and peak of 555.00 over the last 12 months. The car misselling saga has been the driving force of stock woes, sending [...]
High street banks’ SME lending comeback inches forward September 11, 2025 High street banks’ return to small- and medium-sized enterprises (SME) inched onwards in the second quarter. The big banks have turned back to the area as the government clamps down on smaller firms’ difficulty accessing finance. Top bosses were summoned earlier this year for talks with ministers covering how to improve lending to SMEs. In [...]
Starling Bank snaps up UK fintech firm in small business push August 19, 2025 Starling Bank has snapped up its UK fintech peer Ember in a bid to ramp up its services for small business customers. The London-based firm said as part of the takeover, Ember’s tax and bookkeeping software will be built into Starling’s app and online bank. The deal, which Starling did not disclose the price of, [...]
Personal guarantees ‘overuse’ holding UK growth back July 7, 2025 The “overuse” of personal guarantees in borrowing arrangements is holding businesses back and stifling UK growth, innovators have warned, with only a small minority of companies claiming they would borrow from banks with their personal savings or assets on the line. A new survey of some 1,400 small business owners by the Federation of Small [...]
British Business Bank set on delivering Labour’s growth ambition June 28, 2025 Arguably one of the biggest winners from Chancellor Rachel Reeves’ latest spending splurge, the British Business Bank had its lending capacity beefed up and pledged to back the UK’s innovators with its expanded range. The bank had its funding capacity increased to £25.6bn in the Spending Review from near £15.6bn as it targets eight key [...]
Profit triples at SME lender Iwoca as loans near £1bn June 26, 2025 Profit has almost tripled at business lender Iwoca as its revenue jumped by nearly £100m in 2024, it has been revealed. The London-based firm, which provides credit to small and medium-sized enterprises (SMEs), has posted a pre-tax profit of £59.1m for its latest financial year. The total comes after the business reported a pre-tax profit of £21.7m [...]
Government accused of ignoring SMEs as firms fight for survival June 26, 2025 Three in five small business owners feel ignored by the government, according to a fresh survey, an increasing amount firms raise the alarm on their fight to stay afloat. Small and medium-sized enterprises (SMEs) are calling on Westminster to take further measures to support businesses after 57 per cent fear for their survival in the [...]
High street banks’ SME lending comeback won’t rattle challengers June 20, 2025 High street banks are flocking back to small- and medium-sized enterprise (SME) lending but face a battle against fintechs which have captured their spot. The Big Four banks have shed their market stronghold in SME lending. Research from the British Business Bank in March revealed challenger banks make up around 60 per cent of gross [...]
Simply: Fintech SME lender expands loan book as firms turn to debt finance June 17, 2025 Simply Asset Finance notched a record loan total in the last year as firms turned to debt financing to fuel their expansion plans. The UK lender to small- and medium-sized enterprises topped £1.75bn in the total cumulative value of all loans they’ve approved and funded after the firm’s loan book expanded by £505m over 2024. [...]
High street banks ramp up SME lending to highest since 2022 June 16, 2025 High street banks are scaling up their lending to small businesses, with the first quarter of 2022 hitting the highest amount since 2022. Lenders issued £4.6bn worth of loans in the first three months of the year marking a 14 per cent year-on-year jump. The rise was driven by a surge of lending to agriculture, [...]