Frustrated by high street banks' unwillingness to lend to small and medium sized businesses, the UK government is handing over millions of pounds to peer-to-peer lenders to distribute.
When I casually glanced the footer of this page, I noticed a Related Story dated 31 May 2012, according to which the size of funding for P2P players was GBP 100M. Now, it's GBP 55M. Compared to the tens of billions of GBP spent / invested on bailing out
banks, how much diversity will this 55 million bring about in financial infrastructure to better serve the needs of SMEs?
CompetitiveNew York City, NY (USA)
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