Description
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We help you understand it, then decide what action to take.

Interest rate swap doing your head?

Description

Insolvency

Banks may at times appear to become totally hostile to a company and its interests, and nothing seems to satisfy them

The bank motive is that, subsequent to overexposing themselves to the risk of a number of companies’ fortunes (including the unknown and unwanted credit lines), subsequently the bank then needs to retrench, either due to changes in market conditions,  pressure from the regulator (now the PRA), or both. In other words, it needs to “unlend” money. It will find any excuse it can to do this, and even if it had, say, ten loans out with companies that are similar, it would “go for” one – possibly the weakest, possibly the largest, but not necessarily either. It would not be practical to pull in a little bit from each company. So one is picked on.

This section will be expanded as more information becomes available. To contact an individual who has experienced this issue and is happy to help, please contact Jon Welsby at welsbys@gmail.com. Further information can be obtained from the Bully Banks website here.
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