Monday, January 4, 2010
Fresh banking blood
"Mr Chen, whose business will focus on lending sums of about Â£5m to smaller private enterprises" A vigorous new banking sector is taking root. They will have solid capital bases, sensible underwriting policies and more importantly, they will target growth industries and promising new businesses. We'd have got here sooner if they had let the decrepit old banks die but there is no point looking backwards. This is good news.