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London, England · LondonBritish bank Lloyds is reportedly ending its small-business-focused invoice financing program.
The factoring program will close by the year’s end, the Financial Times (FT) reported Sunday (Dec. 28), citing two sources familiar with the matter. The report characterizes the move as a blow to Lloyd’s smaller business clients, though one source said the bank’s factoring programs were used by under 1% of those customers. At the same time, a…See the Story
