HBOS to provide small business support package

on Wednesday said it was finalising negotiations with the European Investment Bank (EIB) to secure 250 million pounds in funding to support its small and medium-sized enterprise (SME) customers. HBOS said the funding would enable Bank of Scotland to provide lending facilities to its customers at a significant discount -- up to 80 basis points -- to standard rates and said it was working with the EIB to define the terms and conditions of how this funding will be made available to its SME customers. HBOS also said it would guarantee pricing on Bank of Scotland small... [read full story]