The banks are panicking but they are so large that it is difficult to keep control without rigid policies.
The stories I've heard have tended to be linked to under-pressure industry sectors but it is extremely unfair to put massive pressure on small businesses by radically changing terms.
But at the same time it seems easy to criticise banks. Look at the fuss over Anthony Worrall Thompson's restaurants that went into administration. he seemed to think the bank should put money in when he wasn't prepared to. How do that make sense.
__________________
Business coaching to help small business owners find hidden profit from overlooked opportunities already existing in the business.
|