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RBSWed, 03rd Jun 2020 09:53
LONDON, June 3 (Reuters) - Bank of England Governor Andrew
Bailey has warned banks about the risk of Britain failing to
reach a post-Brexit trade deal with the European Union before a
deadline at the end of 2020, Sky News reported on Wednesday.
Bailey held a conference call with Britain's biggest lenders
in which he emphasised that they needed to step up their plans
for a no-deal Brexit, Sky said.
(Writing by William Schomberg, editing by Andy Bruce)
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(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
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