We present you the financial institutions that resolved a complaint the fastest, according to CONDUSEF.
Tag Archive for Banks
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What days will banks open at Easter
by Entrepreneur en Español • • 0 Comments
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Banorte, Santander and Citibanamex are the banks with the most complaints, reveals Condusef
by Entrepreneur en Español • • 0 Comments
The three institutions account for almost 50% of all complaints against banks. 33% of the claims are for charges not recognized via the internet.
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Which banks offer Bounce Back Loans? – how to find a BBL lender
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Which banks offer Bounce Back Loans?
Twenty-nine lenders including all the high-street banks offer Bounce Back Loans.
Adams & Company Bounce Back Loan
AIB Bounce Back Loan
Arbuthnot Latham Bounce Back Loan
Bank of Ireland UK Bounce Back Loan
Bank of Scotland Bounce Back Loan
Barclays Bounce Back Loan
Capitalontap Bounce Back Loan
Close Brothers Bounce Back Loan
Clydesdale Bank Bounce Back Loan
Conister Bounce Back Loan
Coutts Bounce Back Loan
Danske Bank Bounce Back Loan
Funding Circle Bounce Back Loan
GCBF Bounce Back Loan
HSBC UK Bounce Back Loan
Investec Bounce Back Loan
Lloyds Bank Bounce Back Loan
Metro Bank Bounce Back Loan
NatWest Bounce Back Loan
Paragon Bounce Back Loan
Santander Bounce Back Loan
Skipton Business Finance
Starling Bank Bounce Back Loan
The Co-operative Bank Bounce Back Loan
RBS Bounce Back Loan
Tide Bounce Back Loan
TSB Bounce Back Loan
Ulster Bank Bounce Back Loan
Yorkshire Bank Bounce Back Loan
Can I open a Bounce Back Loan without a business account?
Most banks say that existing personal customers will need to a separate business account to service their Bounce Back Loan.
Danske Bank, RBS/NatWest, Starling, TSB, Ulster Bank state you must open a business account, even if you’re an existing customer.
And Bank of Scotland, Clydesdale and Yorkshire Bank say you “may” need to open what they term a “feeder” account for your Bounce Back
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Banco Santander will deny loans to coal-related companies from 2030
by Successful IBO • • 0 Comments
As part of its strategy towards sustainability, Spanish bank Santander will stop providing financial services to companies that depend on thermal coal.
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Goodbye to two foreign banks in Mexico, they will close their offices
by Alto Nivel • • 0 Comments
The National Banking and Securities Commission (CNBV) reported that Canada’s Bank of Montreal and Israel’s Mizrahi Tefahot Bank, Ltd. will no longer have representation in the country.
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Why Britain’s SMEs need a proper small business bank
by Greg Taylor • • 0 Comments
Originally written by Greg Taylor on Small Business
The UK banking system is currently failing small businesses.
In theory we do have a solution, the British Business Bank (BBB), but it’s not fit for purpose and isn’t even a real bank – just a platform for connecting lenders to SMEs. As we look to reboot the UK economy, the government needs to take radical action to ensure small businesses aren’t denied funding by a banking system which doesn’t work for them.
At present SMEs looking for funding face a perfect storm. Blanket credit policies from the banks, the fact that some SMEs are overleveraged due to the CBILS borrowing they needed to survive the pandemic, issues with liquidity within many alternative peer-to-peer lenders, and the banks’ current lack of lending appetite, have all combined to make present circumstances very tough for SMEs. They need help urgently and the best solution would be to establish a new government-backed bank to rival the main high street and investment banks and to replace the British Business Bank.
>See also: British Business Bank increases small business support by over a quarter in the past year
The British Business Bank doesn’t perform a banking role but simply helps introduce other
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How is your bank helping your small business through coronavirus?
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Although all the high street banks are offering loans through the Coronavirus Business Interruption Loans Scheme (CBILS), several banks have gone further and are offering additional support to small business sector to help it survive the coronavirus crisis.
Here is a round-up of what small business help each high street bank is offering to help your SME survive the coronavirus pandemic.
Additional coronavirus bank support for small business – what’s available?
Barclays
Helpline for all business banking customers impacted by the coronavirus outbreak. Call 0800 197 10862 between 8am and 8pm Monday to Friday (except bank holidays)
Free business banking and no fees or interest on overdrafts between March 13 and June 12 2020 for business banking customers with annual turnover up to £250,000. After June 12 2020, normal charges and fees will apply, which will be debited from business banking accounts from August 2020
Clydesdale Bank and Yorkshire Bank
Clydesdale Bank and Yorkshire Bank relationship managers can approve a three-month capital repayment holiday to business customers who have not previously been identified as being in or approaching financial difficulty, or other high-risk groups
Relationship managers can authorise to extend overdraft and loan facilities by up to six months without charge
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Wells Fargo Will Pay $190 Million to Settle Customer Fraud Case
by Reuters • • 0 Comments
‘We regret and take responsibility for any instances where customers may have received a product that they did not request,’ the bank said.
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Businesses do not feel supported by their banks
by Ben Lobel • • 0 Comments
This feeling is most pronounced in the category of businesses turning over less than £1 million, in which 30 per cent claim to feel ‘unsupported’ by banks. The study, commissioned by P2P finance specialist Nucleus Commercial Finance, also reveals SMEs are in the dark regarding the notice periods on their business overdrafts. Some 40 per cent of SMEs claim their
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