It wasn’t that long ago, perhaps a year, when certain banks were really not interested in a company’s Liabilities / Credit balances. Let’s be clear, from a corporate’s point of view we mean Assets and Debit balances but I’ll never win that battle.
Things are changing… we’ve just been offered 150 bps (that’s 1.5 percent to most of us) by a Tier 1 bank that is not government owned! Not world beating against some other UK contenders (2% no strings attached) but compares favourably with the nil% (‘we really don’t want your cash’) just a year back.
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