Author: Clarke, Stephen L
Publication: Civitas (2010)
Abstract: Britain’s banks have been heavily criticised for failing to lend sufficiently to SMEs, not only recently but for many decades. German and Swiss banking is widely reputed to have a better record of financing productive industry. Here we examine the Swiss cantonal banks, an enduring component in the Swiss financial system, and the largest German banking sector, its savings banks. Are there any lessons for Britain?