Small Businesses Get GBP2 Billion On First Day Of UK Government Loans
Small Businesses Get GBP2 Billion On First Day Of UK Government Loans

Small Businesses Get GBP2 Billion On First Day Of UK Government Loans
* 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...
LONDON, 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...
UK BROKER RATINGS SUMMARY: Jefferies Raises Hiscox To Buy From Hold
LONDON, 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...
(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...
Lloyds Lends GBP1 Billion To Small Businesses In 24 hours
(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.
(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...
(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...
LONDON, 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 ...
By 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...
LONDON, 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...
(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.
UK BROKER RATINGS SUMMARY: Buy Dixons Carphone And AG Barr - Liberum