Bank bailout won’t help property companies

Story link: Bank bailout won’t help property companies

The banks are just looking out for themselves and nobody else, which would be fair enough if the bailouts were from their own reserves, but put in a nutshell, they are not, and they are from public reserves. We help them, they should help us.

Bank bailout won’t help property companies

Commercial-property companies in the U.K. are unlikely to get new financing from banks bailed out by the government when lending resumes because the banks will probably favor industries that win electoral votes.
Banks that sold stakes to the government are “running scared” of commercial-property lending, said Mark Jenkins, head of commercial lending at Nationwide Building Society.