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Britain’s smaller banks jostle for business banking grants

LONDON (Reuters) – Britain’s smaller banks are lining up to apply for multi-million pound grants the government hopes will help them compete in the corporate banking market. For years the government has wanted to reduce the dominance of big banks in the small-to medium-sized business (SME) banking sector. The four largest — HSBC (HSBA.L), Barclays (BARC.L), RBS (RBS.L) and Lloyds Banking Group (LLOY.L) — control over 70 percent of business current accounts. Source: Britain’s smaller banks jostle for business banking grants

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Mainstream lenders urged to provide mortgages to niche markets | Mortgage Introducer

Larger banks should be following the lead of their challenger bank rivals and serving the niche areas of the mortgage market, according to The Mortgage Hut managing director Chris Schutrups. Over recent years challenger banks such as Bluestone, Kensington, Atom and Secure Trust have all made inroads in the more niche side of the market Source: Mainstream lenders urged to provide mortgages to niche markets | Mortgage Introducer

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