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Which banks are more likely to lend money in a current climate?
Comments
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enjoyincubus wrote: »I think that might not be 100% the case...
Tesco Personal Finance is a joint venture with RBS and Asda Finance is a joint venture with GE Capital Bank. So even though they use the trading names of Tesco/Asda, they will still have the capital constraints of the parent banking companies. I doubt funds will be used from the core grocery business to lend through the finance business.
I think you're half right. Asda is still with GE, but Tesco bought out RBS and are now standalone.
Incidentally, I read elsewhere here that Tesco had a £20K cap. Is that true?0 -
No I think its down to £15k.0
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Based on what? They're still advertising £25K on their site.jonesMUFCforever wrote: »No I think its down to £15k.0 -
does anyone think rbs will borrow more after the news today saying the gov will be plowing more money into them?0
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