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* Virgin Money half-year results dented by coronavirus provision* Metro Bank deposits rise but no guidance on pandemic impact* OneSavings Bank reports steady lending, margins* Virgin Money shares up 11%, OneSavings up 7% (Adds details, further quo...
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Small Businesses Get GBP2 Billion On First Day Of UK Government Loans
Read more* Virgin Money in the red after coronavirus provision* Metro Bank deposits rise but no guidance on pandemic impact* OneSavings Bank reports steady lending, margins (Adds details, quotes, analyst comments)By Iain Withers and Sinead CruiseLONDON, May...
Read moreLONDON, May 6 (Reuters) - Britain's finance ministry said more than 69,000 loans to small businesses worth more than 2 billion pounds ($2.5 billion) were made in the first 24 hours of the launch of the emergency coronavirus credit scheme which ca...
Read moreUK BROKER RATINGS SUMMARY: Jefferies Raises Hiscox To Buy From Hold
Read more(Corrects provision to 232 million pounds from 237 million pounds)LONDON, May 6 (Reuters) - Virgin Money swung to a first-half loss after setting aside 232 million pounds ($288 million) to handle loans likely to turn sour as a result of the coron...
Read moreLONDON, May 6 (Reuters) - Virgin Money swung to a first-half loss after setting aside 237 million pounds ($294.7 million) to handle loans likely to turn sour as a result of the coronavirus crisis.The bank, which became the UK's sixth-largest lende...
Read moreLloyds Lends GBP1 Billion To Small Businesses In 24 hours
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(Sharecast News) - Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, but did not call into question the basic outline of the monetary authority's strategy.
Read more(Adds further comment)By Huw JonesLONDON, May 4 (Reuters) - Banks should have more than enough available capital to back the expected volume of loans to help companies bridge the coronavirus pandemic, Bank of England Deputy Governor Sam Woods said...
Read more(Adds more detail)LONDON, May 4 (Reuters) - The Bank of England will allow banks to exclude state-backed small company loans made under Britain's new emergency Bounce Back credit scheme from leverage rules, it said on Monday, removing a possible d...
Read moreLONDON, May 4 (Reuters) - The Bank of England said it will allow banks to exclude state-backed small company loans made under Britain's new emergency coronavirus Bounce Back credit scheme from leverage rules, removing a possible disincentive for ...
Read moreBy Iain WithersLONDON, May 4 (Reuters) - Delays in offering full state guarantees on coronavirus relief lending hampered the ability of banks to provide fast financial aid to companies in the first phase of the pandemic, senior British bankers tol...
Read moreLONDON, May 4 (Reuters) - Delays in offering full state guarantees on COVID-19 relief lending hampered the ability of banks to provide fast financial aid to companies in the first phase of the coronavirus pandemic, senior British bankers told law...
Read more(Sharecast News) - The UK's largest companies expect the coronavirus to reduce their sales by over a fifth in 2020 according to a survey published on Monday by Deloitte.
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