A UK Government-owned bank has invested £10.5 million in a fund aimed at growing Northern Ireland small businesses.The British Business Bank has announced the major commitment to the new £30m Growth Finance Fund, which will support loans from £500,000 up to £2m to growing businesses in the north over the next four years.As well as the investment from the British Business Bank, further capital is being provided by Invest Northern Ireland (£7.5m) and private investor, Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) (£12m).The new fund is a successor to the Growth Loan Fund, set up in 2012, which committed £55m to more than 100 businesses and will be managed by Belfast-based WhiteRock Capital Partners.Companies seeking funding – the majority of which are expected to be operating in the manufacturing, engineering or tradable services sectors – must be based in Northern Ireland and be demonstrating existing … [Read more...] about British Business Bank announces £10.5m investment in Northern Ireland Growth Finance Fund
By Fielding Buck | [email protected] | The Press-EnterprisePUBLISHED: October 19, 2018 at 6:41 am | UPDATED: October 20, 2018 at 4:40 pm Oct. 24, 2008 was the day L.A. came to the city of Ontario. That was when Citizens Business Bank Arena opened its doors to the public. The Los Angeles Lakers traveled east for the occasion. Kobe Bryant came off the injured list to help beat the Oklahoma Thunder in a nationally televised exhibition game. To then city manager Greg Devereaux, the opening of the $150 million, 11,000-seat venue was a step up for the entire Inland Empire. It brought “a certain level of entertainment and class that we didn’t have, our own sports teams,” he said in a phone interview. “People don’t think about this often. We’re a large enough metropolitan area … if we were out by ourselves anywhere else in the country and had our own media market, we’d have a full slate of professional teams.” Flash forward 10 years, and … [Read more...] about How Ontario’s Citizens Business Bank Arena will celebrate its 10th anniversary
(Reuters) - Santander UK <SANS_pa.L> said on Monday it had appointed Susan Allen as head of its retail and business banking operations in the United Kingdom. Santander UK, owned by Spain's Banco Santander <SAN.MC>, said Allen would replace Javier San Felix, who is returning to the Santander Group after three years in the role. Allen, currently head of customer interactions within the bank's retail division, will start her new role by the end of the year, subject to regulatory approval, the London-based financial services provider said. (Reporting by Justin George Varghese in Bengaluru; Editing by Mark Potter) … [Read more...] about Santander UK says Susan Allen to head retail and business banking ops
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Sen. John Kennedy, R-La., argued in a new opinion piece that big banks are threatening to violate Americans' Second Amendment rights. Writing for Fox News, Kennedy pointed out that both Bank of America and Citigroup now have policies that place restrictions on what their business banking clients can sell and manufacture when it comes to firearms. "Grocery stores might decide not to sell liquor or lottery tickets, even though it's legal for people of a certain age to buy them. Grocery stores might ask customers to leave their firearms at home," Kennedy wrote. "But banks are not grocery stores. A grocery store doesn't need a taxpayer-funded government charter to operate, a taxpayer-funded government corporation (the Federal Deposit Insurance Corporation) to insure its deposits, or a taxpayer-funded government bank to pay it interest. Banks do." Kennedy noted that banks like these two are tagged by the federal government as too big to fail, meaning they can be bailed out by American … [Read more...] about John Kennedy: Big Banks Trampling on Second Amendment