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After the Tsunami, Libor and you

Published 06/08/2012 09:50:00

Suddenly the LIBOR scandal has vanished from the newspapers. The perception seems to be that now the fines have been paid, the case is closed. Or maybe we have been distracted by the more recent news of alleged money laundering within HSBC. Whatever is happening there are still questions that need answering.

Let’s be clear about it – it’s not just an issue which concerned one bank. I am not sure what the outcome will be of the investigations but I still have one important question.  What has been the financial damage caused to businesses?

I fully accept that the damage to trust, integrity etc. is huge and a lot has already been written about this, so it doesn’t need any additional comments from me – other than to agree that on an ethical level the behaviour is outrageous.

Still, it would help my sense of understanding if I knew what financial damage businesses, savers or investors have suffered. We also predict there will be a further tsunami of miss-conduct examples as the investigations into rate rigging begin.

Thankfully we can avoid these issues for our customers and have been doing so for the last 40 years’. Our experience and track record enables us to gain access to key lenders so that we can help small and medium sized businesses obtain the right finance for their needs.

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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