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 moreLenders grant 1.5m payment breaks on cards and loans
29th May 2020 13:04
(Sharecast News) - UK lenders have given almost 1.5m payment holidays to card and personal loan borrowers in financial difficulties during the Covid-19 crisis, industry figures showed.
Read moreEurope midday: Stocks off lows despite diplomatic stand-off over HK
29th May 2020 11:58
(Sharecast News) - Stocks were still trading on their back foot come midday, but had come off their worst levels, as financial markets girded themselves for a White House press conference scheduled for later in the evening.
Read moreAsia report: Markets mixed after Beijing approves HK security bill
29th May 2020 10:11
(Sharecast News) - Markets in Asia finished in a mixed state on Friday, as investors took a wait-and-see approach to the global reaction to Beijing's approval of its controversial security bill for Hong Kong, which happened late on Thursday.
Read moreChina votes for Hong Kong security law as US tensions rise
28th May 2020 08:47
(Sharecast News) - China's parliament has voted overwhelmingly to impose a national security law on Hong Kong in a move that has unnerved markets and threatens to increase tensions between Beijing and the US.
Read moreHSBC board seeks deeper cuts in new revamp push - report
26th May 2020 07:44
(Sharecast News) - HSBC's board is seeking deeper cuts than the 35,000 job reductions already announced after deciding the Covid-19 crisis requires more radical measures, according to a report.
Read moreChina announces national security law for Hong Kong
22nd May 2020 09:09
(Sharecast News) - The Hong Kong stock market fell sharply after China said it would impose a national security law that threatens the "one country, two systems" arrangement between the city and Beijing.
Read moreHSBC had $200m one-day loss in choppy gold markets
13th May 2020 12:57
(Sharecast News) - HSBC lost about $200m in a single day in March because of disruptions in the gold market that caused prices in major markets to diverge widely.
Read moreTuesday broker round-up
5th May 2020 13:27
(Sharecast News) - Stagecoach Group: Canaccord upgrades to buy with a target price of 110p.
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 moreHSBC profit almost halves as bad debts surge
28th Apr 2020 07:02
(Sharecast News) - HSBC's first-quarter profit almost halved as the bank set aside $3bn (£2.4bn) for credit losses after the Covid-19 crisis took its toll on financial performance.
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 moreHSBC's Tucker says sorry for scrapped dividend
24th Apr 2020 14:06
(Sharecast News) - HSBC Chairman Mark Tucker apologised for the bank's cancelled dividend at an annual general meeting held behind closed doors because of the Covid-19 crisis.
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.
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