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Banks 'hoarding cash' - Clegg

25th April 2012

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Nick Clegg

Nick Clegg

Cabinet Office

DEPUTY Prime Minister Nick Clegg will today attack banks for using balance sheet rebuilding as cover for not lending to businesses.

Mr Clegg will reject suggestions that reforms aimed at creating a more robust banking system are making it difficult for banks to lend.

Business has long complained that banks have become far more reluctant to lend since the credit crunch while the banks themselves have pointed to the need to meet new regulations and a lack of demand.

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Is it any wonder the country is in a mess when we have someone in such a senior position who has a complete lack of understanding of what is happening in the capital markets? See article "Banks hoarding cash"-

Brian De Vere

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