Royal Bank of Scotland targets small business sector
Finally it seems as though the UK government's demands for further assistance in the small company's market has hit home with Royal Bank of Scotland offering a number of new packages. While there are very few details about the actual size of packages the fact that one of the mainstream banks has agreed to become more involved in the small companies market is something of a relief to the government.
It is no secret that the small company market is literally dying a death with business on the way down, financial assistance non-existent and balance sheets top-heavy with debt. There are hopes that the move by the Royal Bank of Scotland will see the likes of Barclays, Lloyds TSB and HSBC move back into the market and try to oil the wheels of small industry. This has certainly been a long time coming in the eyes of the smaller companies sector and there are hopes that the worst of their liquidity problems may be over.
Quite why Royal Bank of Scotland has chosen to break with the rest of the UK banking sector remains to be seen but with added pressure from the government on a daily basis and the threat of legal action, it seemed inevitable at some point that somebody would break away from the crowd.
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