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(Adds more detail)LONDON, May 7 (Reuters) - A "desk top" stress test has shown that top banks and building societies could keep lending to an economy hit by anticipated fallout from the coronavirus pandemic, the Bank of England said on Thursday.Th...
Read moreLONDON, May 7 (Reuters) - A "desk top" stress test has shown that top banks and building societies can withstand the anticipated economic fallout from the coronavirus pandemic, the Bank of England said on Thursday.The BoE's Financial Stability Rep...
Read moreBy Davide BarbusciaDUBAI, May 6 (Reuters) - Saudi Aramco is about to finalise a $10 billion loan with a group of roughly 10 banks, three sources familiar with the matter said, as the oil giant seeks cash amid record low oil prices.Aramco is raisin...
Read more* GSK cashes in after 2018 Horlicks divestment* Sells 5.7% stake in Unilever's India business* GSK had folded Horlicks unit into Hindustan Unilever (Updates with HUL share price, book runner details)By Scott Murdoch and Anshuman DagaHONG KONG/SINGAP...
Read more* GSK cashes in after 2018 Horlicks divestment* Sells 5.7% stake in Unilever's India business* GSK had folded Horlicks unit into Hindustan Unilever (Adds details of share sale)By Scott Murdoch and Anshuman DagaHONG KONG/SINGAPORE, May 7 (Reuters) - ...
Read more* GSK cashes in after 2018 Horlicks divestment* Sells 5.7% stake in Unilever's India business* GSK had folded Horlicks unit into Hindustan Unilever (Adds background on GSK, details on deal)May 6 (Reuters) - GlaxoSmithKline is selling $3.45 billion ...
Read more* 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(Recasts, adds quote)By Yousef Saba and Davide BarbusciaDUBAI, May 6 (Reuters) - Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer seeks to raise cash amid the new cor...
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 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 more(Corrects Tony Lin is a director, not a founder of Zenrock in paragraph 10)By Jessica Jaganathan and Roslan KhasawnehSINGAPORE, May 6 (Reuters) - HSBC Holdings PLC has filed a court application to place oil trader Zenrock Commodities Trading Pte L...
Read moreSINGAPORE, May 6 (Reuters) - HSBC Holdings PLC has filed an application to the Singapore High Court to place Zenrock Commodities Trading Pte Ltd under judicial management, three people familiar with the matter said on Wednesday.Singapore-based Zen...
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