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 moreSunday newspaper round-up: Hong Kong, Air bridges, Vaccine
24th May 2020 13:16
(Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times
Read moreLloyds bosses warn of financial cost from supporting customers
21st May 2020 14:01
(Sharecast News) - Lloyds Banking Group's bosses told shareholders that supporting customers during the coronavirus crisis would have a financial impact on the bank's results.
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 moreSunday newspaper round-up: BT Group, Sports Direct, Ocado
3rd May 2020 21:44
(Sharecast News) - The City is braced for a cut to BT's £1.5bn dividend - a move that would send pain through its army of retail shareholders after a wave of blue-chips slashed payouts amid the Covid-19 crisis. The board meets this week to decide whether to keep the dividend, one of the 20 biggest in the FTSE 100 index. More than 40 leading companies have cancelled £16.5bn of payouts this year, according to the broker Peel Hunt, including all the banks. Shell stunned the market by cutting its dividend by two-thirds on Thursday. - Sunday Times
Read moreLloyds COO Colomb?s to delay retirement
1st May 2020 07:37
(Sharecast News) - Lloyds Bank chief operating officer Juan Colomb?s has agreed to delay his retirement to help the bank deal with the fallout of the coronavirus crisis, the company said on Friday
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 moreLloyds profits nosedive on ?1.4bn coronavirus provision
30th Apr 2020 07:25
(Sharecast News) - First quarter pre-tax profits at Lloyds Bank almost disappeared as the bank braced itself for the impact of the coronavirus pandemic with a massive provision against bad loans.
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 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 moreBarclays upgrades RBS, says Lloyds preferred UK bank stock
16th Apr 2020 13:59
(Sharecast News) - Barclays upped its stance on Royal Bank of Scotland shares to 'equalweight' from 'underweight' on Thursday in a note on UK banks.
Read moreJP Morgan boss anticipates financial stress akin to 2008 crisis
6th Apr 2020 13:14
(Sharecast News) - The head of America's largest lender by market value is digging in for a severe downturn.
Read more