Banks push SMEs on loan terms

  • By Josh Hall
  • 15 May 2012
Banks push SMEs on loan terms - Today's small business news roundup

SME loans, petrol prices, and Greek crisis - here's your need-to-know business news roundup.

Banks are unlawfully trying to change the terms of loans according to a law firm.

Commercial solicitors Miscon de Reyau claim that SMEs are being put under “unacceptable” pressure by banks, following research that a quarter have had their bank try to change their lending conditions. [Telegraph]

Petrol prices look set to fall as supermarkets enter a new price war.

Morrisons is expected to make a 2 pence cut tomorrow, with other retailers set to follow. [Telegraph]

Markets plunged yesterday following further signs that Greece could exit the eurozone.

The country has been told that it will not receive further EU payments unless it implements swingeing cuts. [Guardian]

Read more about: General business , Business finance