Waiting to be Rescued

Waiting to be Rescued

The Government’s massive but bold intervention to ease the banking crisis is designed to shore up confidence and to provide liquidity into the system so that banks can begin to lend again to each other, and then to consumers and businesses.
Thank god, conditions in the interbank lending market are showing the first signs of easing with the all important 3 month libor rate moving down to 6.269% from last friday’s 6.285%.
However, things will not turn rosy overnight, and I’m wondering about the short term survivalability of highly leveraged companies who literally can’t wait much longer to be rescued. These are companies who are reliant on borrowed money to stay afloat but are facing difficulties in getting refinanced.
For some, it must be an agonising wait- a bit like the cliched scene in old westerns where an injured soldier lies dying in the dust as he hears the distant but advancing sound of the cavalry bugle horn. Businesses know that help is at last on its way, but will they all survive the wait?

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

8m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

8m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

4y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

9m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article