The Bankwatch

Tracking the consumer evolution of financial services

P2P is on a roll in the UK with business and government support

The hatred felt for banks and British banks in particular is coming home to roost in many ways.  The latest which was telegraphed in the Independent Commission on Banking report provides direct government support to P2P lenders.

The Rothschild investment in Zopa the other day now makes sense!

Peer-to-peer lending welcomes endorsement | ft.com

Vince Cable will pledge £55m of the £100m earmarked for small business finance topeer-to-peer lenders, splitting the money between the providers Funding Circle, Zopa, Boost and Credit Asset Management.

Written by Colin Henderson

December 12, 2012 at 19:27

Posted in Uncategorized

One Response

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  1. Hope the trend continues over in Canada!

    The Scot Bicycle

    December 13, 2012 at 02:36


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