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LONDON, April 9 (Reuters) - The Financial Conduct Authority said on Thursday it would add car financing to the temporary relief measures aimed at supporting households facing sudden financial hardship as result of the coronavirus.As expected, the ...
Read moreLONDON, April 9 (Reuters) - UK-listed companies could cancel about $60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytic...
Read more(Adds Lloyds exec bonuses waived, more details)* HSBC, StanChart and RBS bosses donate part of pay* Lloyds executive directors waiving bonuses - source* Moves follow Bank of England pressure* Banks criticised for slow support to customersBy Iain With...
Read more* HSBC, StanChart and RBS bosses donate part of pay* Lloyds executive directors waiving bonuses* Moves follow Bank of England pressure* Banks criticised for slow support to customers (Adds Lloyds confirmation)By Iain Withers, Lawrence White and Sine...
Read moreBy Iain Withers, Lawrence White and Sinead CruiseLONDON, April 8 (Reuters) - Top executives at British lenders HSBC, Standard Chartered and NatWest said on Wednesday they would take salary cuts, after pressure on bankers to show solidarity with cu...
Read moreLONDON, April 8 (Reuters) - Royal Bank of Scotland has cut around 130 jobs in its investment banking division NatWest Markets, the Financial Times reported on Wednesday.The state-backed lender has paused much of its cost-cutting and restructuring ...
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TOP NEWS: UK Insurers Next To Pull Dividends Amid Virus Crisis
Read moreBy Huw JonesLONDON, April 7 (Reuters) - Britain's markets watchdog says the coronavirus pandemic has shown a need to reinforce consumer protection and it will draw up new longer-term measures to help detect if vulnerable customers are being ripped...
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(Sharecast News) - The head of America's largest lender by market value is digging in for a severe downturn.
Read moreBy Lawrence White and Iain WithersLONDON, April 3 (Reuters) - British banks Barclays and RBS confirmed that shareholders will not be able to attend their annual general meetings in person due to coronavirus social distancing rules.Barclays also sw...
Read more* Unprecedented demand leads to record loan originations* Government-backed loan schemes not a 'free-for-all'* Bankers fear repercussions of poor lending decisions* Coronavirus challenging bank processing, reputationBy Sinead Cruise, Lawrence White a...
Read moreDUBLIN, April 3 (Reuters) - Bank of Ireland received 15,000 applications for payment breaks from mortgage customers in March, with a further 5,000 businesses seeking breaks or working capital, as a result of coronavirus disruption, its chief exec...
Read more(Adds comment on car loans, industry reaction)By Sinead Cruise and Huw JonesLONDON, April 2 (Reuters) - British consumers will receive a three-month freeze on loan and credit card payments to weather the coronavirus epidemic, under plans outlined b...
Read more(Adds reaction)By Sinead Cruise and Huw JonesLONDON, April 2 (Reuters) - British consumers will receive a three-month freeze on loan and credit card payments to weather the coronavirus epidemic, under plans outlined by the country's financial regu...
Read more(Adds quotes, detail)By Sinead Cruise and Huw JonesLONDON, April 2 (Reuters) - British consumers will get a three-month freeze on loan and credit card payments to weather the coronavirus epidemic, under plans outlined by the country's financial re...
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