A shining light: Bank of England Governor Andrew Bailey For Ross McEwan it has been out of the frying pan into the fire. The lugubrious New Zealander, having battled to restore the dividend at Royal Bank of Scotland, fled London for Sydney, only to find that National Australia Bank (NAB) needed attention too. He has taken similar … Read more
A Bank of England scheme designed to provide banks with cheap money to lend to small businesses has handed out an enormous £6billion in its first week, official figures reveal. In an announcement which revealed the speed and scale of the economic crisis caused by the coronavirus, the sum pumped into banks in the first … Read more
Dua Lipa banks £25 million DOUBLING her annual earnings as pop star gains on the likes of Adele and Ed Sheeran on the world’s music rich list By Andrew Bullock For Mailonline Published: 12:46 BST, 26 April 2020 | Updated: 12:56 BST, 26 April 2020 Dua Lipa is one step away from making it onto … Read more
City watchdog reveals victims lodged more than 20,000 PPI claims per day against banks and other lenders in huge rush to meet final deadline By Matt Oliver For The Daily Mail Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Victims of Britain’s biggest ever mis-selling scandal lodged more than 20,000 … Read more
Banks under pressure to ramp up their coronavirus rescue lending with just £2.8bn doled out to small firms so far By Lucy White For The Daily Mail Published: 21:51 BST, 23 April 2020 | Updated: 21:51 BST, 23 April 2020 Banks are under pressure to ramp up their coronavirus rescue lending as the latest figures … Read more
Banks urged to ramp up lending as just 12,000 small firms get crucial loans to survive the coronavirus crisis By Ruth Sunderland for the Daily Mail Published: 21:51 BST, 20 April 2020 | Updated: 21:51 BST, 20 April 2020 Britain’s banks are under mounting pressure to come clean over what they are doing to help … Read more
Britain’s banks preparing for loans worth billions of pounds to turn sour as firms fall apart due to coronavirus crisis By Lucy White For The Daily Mail Published: 21:55 BST, 19 April 2020 | Updated: 21:55 BST, 19 April 2020 Britain’s banks are preparing for loans worth billions of pounds to turn sour as firms … Read more
There’s a new bank in town with a competitive one-year fixed-rate of 1.49%… but is Allica Bank a safe spot for your cash? Its one-year fixed-rate is enough for ninth place in our savings tables It pays more than well-known names like Goldman Sachs’ Marcus The London-based bank received its licence in September 2019, and … Read more
‘Banks only lend to those that don’t need the cash,’ says Antique furniture seller Claire McFadyen By Daily Mail City & Finance Reporter Published: 22:28 BST, 16 April 2020 | Updated: 22:57 BST, 16 April 2020 Antique furniture seller Claire McFadyen had experienced her best two months of trading in six years of business before … Read more
Attempts to use taxpayer money to fund a new wave of business challenger banks were dealt another blow a fortnight ago as Nationwide Building Society announced it was scrapping a move into SME lending. Britain’s largest mutual is the latest to hand back money it was given to expand its business proposition after Metro Bank … Read more