So which big four bank has not underwritten an invoice finance deal since….

Or should I say “banks”?

For the moment I do know that one particular bank has not written any new business since….

April

Another is writing virtually no new business and of course you may well ask who is who here

Suffice to say that I am not going to disclose the information simply because it will be met with inevitable denials and rebuffs but have every confidence in my spies. A good question would be to ask what on earth the sales teams have been doing for six months although the lack of underwriting is hardly their fault

What we do know is that we are likely to see quite a lot of movement in the market for the foreseeable future. Banks not willing to write new business tend not to fight to retain clients either