Banks say up to half of 'bounce back' loans could default - report
1st Jun 2020 09:44
(Sharecast News) - UK banks have warned that up to half the £18.5bn "bounce back" loans they make to small businesses during the Covid-19 crisis are unlikely to be repaid, according to a report.
Read moreBarclays creates top climate and citizenship role
11th May 2020 10:07
(Sharecast News) - Barclays has appointed its group chief of staff to a new executive committee post overseeing the bank's climate and social policies.
Read moreWednesday broker round-up
6th May 2020 13:16
(Sharecast News) - Hiscox: Jefferies upgrades to buy with a target price of 850p.
Read moreGerman court says some aspects of ECB bond buying programme are 'constitutional'
5th May 2020 10:04
(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 moreLargest UK companies expect sales drop of over 20% due to coronavirus
4th May 2020 10:27
(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.
Read moreECB ready to increase emergency bond buying programme, use all tools
30th Apr 2020 14:09
(Sharecast News) - The European Central Bank kept the door open to ramping up its emergency bond purchase programme, all its policy tools in fact.
Read moreBarclays profit drops as bad debts surge in crisis
29th Apr 2020 07:03
(Sharecast News) - Barclays profit fell by more than a third in the first quarter as the bank set aside £2.1bn for bad debts during the Covid-19 crisis.
Read moreBoE urges banks to go easy on bad debts - report
27th Apr 2020 09:04
(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.
Read moreSunday newspaper round-up: Lockdown, Vaccines, Social distancing
26th Apr 2020 23:44
(Sharecast News) - Boris Johnson is expected to announce plans for easing the lockdown as early as this week after he returned to Downing Street on Sunday night to take full-time control of the coronavirus crisis. The Prime Minister will on Monday morning chair his first meeting of the Covid-19 "war cabinet" since he was taken to hospital more than three weeks ago, and is ready to resume his role hosting televised Number 10 press conferences. - Sunday Telegraph
Read moreBarclays CEO, finance director waive pay rises
20th Apr 2020 15:07
(Sharecast News) - Barclays chief executive Jes Staley and finance director Tushar Morzaria have agreed to give up their pay increases until at least 2021 due to the coronavirus pandemic.
Read moreBoE tells banks to use buffers to support economy
20th Apr 2020 14:26
(Sharecast News) - The Bank of England has told banks to use their liquidity and capital buffers to back customers during the Covid-19 crisis after requiring lenders to cancel dividends to bolster their finances.
Read moreGovernment calls for shareholder days in lieu of AGMs
17th Apr 2020 09:48
(Sharecast News) - The government has called on companies to hold shareholder days to give investors the chance to interrogate boards when Covid-19 limits on annual general meetings are lifted.
Read moreBramson withholds vote against Barclays CEO Staley
16th Apr 2020 10:26
(Sharecast News) - Sherborne Investors said it would withhold its vote against Barclays Chief Executive Jes Staley at the bank's shareholder meeting to avoid management upheaval during the Covid-19 crisis.
Read moreBarclays puts share awards and job cuts on hold during crisis
14th Apr 2020 14:49
(Sharecast News) - Barclays has deferred share awards for its chief executive and finance chief and delayed planned job cuts in response to the Covid-19 crisis.
Read moreFederal Reserve to purchase higher-rated junk bonds through new facility
9th Apr 2020 14:17
(Sharecast News) - America's central bank stepped up to the plate yet again with plans to provide as much as $2.3trn in financing for the private sector, especially for small and medium-sized companies, alongside local and state governments.
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