banking deleverage

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British SMEs better give up on expectations over bank finance and turn to bonds

LONDON | The capital stress levels that British banks suffer are regarded to be so dire not even a majority stakeholder like the UK’s government feels confident their credit tap should open. A Taskforce set up by the department of Business Innovation and Skills published Friday a report that recommends small and medium-size companies or SMEs to hunt for alternatives. The paper anticipates growth in demand for finance as the economy recovers…