Hi everyone I hope you are all well these days.
In the U.K. it is in the news that one of the major banks has not been playing fair as the government thinks it should have.The regulators have been asked to investigate.
The bank involved was ,it was reported ,the biggest bank in the world at one point.The point in fact is that if they have not been playing straight it will also attract the attention of the European regulator as it was at one time heavily into Germany as I remember.
Its division which is being investigated is at this point of time ,it is reported, to be the biggest commercial property owner in Europe and I do not think all the properties it owns came from businesses in the U.K.
As we go on more and more finance directors need to learn about non bank lending as from January 2014 the banks will be required to hold more capital which will restrain commercial lending even more.
Those finance directors that are learning about peer to peer and crowdfunding will be those that are ready and capable of diversifying their borrowing requirements as the banks will not lend in the quantities they have.
We are definitely moving into a new era of financing and all companies should now be looking at the new ways of financing to take of their reliance on banks.
As a latest bit of information a U.K. based peer to peer site is raising finance to start operating in Europe on a platform designed for the European market.
Happy and successful investing to you all.
Christopher.
