Big European Banks Weigh Outsourcing Small-Business Lending -FT

Date : 05/03/2012 @ 5:25PM
Source : Dow Jones News
Stock : Royal Bank of Scotland Grp. Plc New (The) Ads (RBS)
Quote : 6.7  0.07 (1.06%) @ 3:59PM

Big European Banks Weigh Outsourcing Small-Business Lending -FT

Royal Bank Of Scotland (LSE:RBS)
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A number of big European banks are exploring whether to outsource small-business lending to specialized loan funds, the Financial Times reported Thursday.

Royal Bank of Scotland PLC (RBS.LN) and UBS AG (UBSN.VX) are among the institutions who have talked with loan funds about granting access to the big banks' corporate client bases, the FT reported, citing senior bankers.

In the plans under discussion, banks would receive a fee of as much as 3% for acting as loan intermediaries, according to the report.

However, the FT cautioned that the talks "have been fraught with difficulties," as the funds and banks are concerned about how the arrangement would work.

Full story at www.ft.com

-Dow Jones Newswires; 212-416-2900

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