Turning tides?

Posted Posted in Bibby Financial Services, Crowdfunding, P2P lending, Risk

Yesterday Lord Turner, former FSA chairman, issued a stark warning against peer-to-peer (P2P) lending, saying that “the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses.” Indeed the contrast between the intricately regulated, highly capitalised banks and nascent P2P lenders could not be starker. It beggars belief that banks are being pressed to shore up seemingly infinite amounts of capital, while crowd […]

Asset based funding: underused and untapped

Posted Posted in Asset based finance, Bank of England, Bibby Financial Services, Crowdfunding, Finance, Financing, Funding, Invoice finance, P2P lending, SMEs

A recent assessment from The Bank of England’s Q3 Credit Conditions report found that “credit availability for smaller firms had improved and was approaching normal levels.” It’s fair to say that in my thirty-plus-years in the financial services industry, I have never seen so much money chasing so few business customers. Whether peer-to-peer lending and crowdfunding or traditional banking channels, SMEs are swamped with lending options. It’s clear, however, that many SMEs don’t want to […]

Reflections on the changing funding world

Posted Posted in Asset based finance, Banks, Bibby Financial Services, Blog, Chancellor of the Exchequer, Crowdfunding, David Postings, Economic growth, Invoice finance, Leasing, News, Non-bank lending, P2P lending, Regulation, SMEs

Some onlookers thought that 2015 would be the year when we might be able to move on from the fallout of the financial crisis, with UK banks finally forgiven for their past misdemeanours. There were positive murmurs from the Government and a clear desire to get on with the vital work of restoring trust and confidence in the financial services sector. Indeed, in his June Mansion House speech, Chancellor George Osborne spoke about the UK […]