Credit card and loan borrowers can freeze repayments for three more months, but regulator says they should pay a reduced amount if possible The FCA brought in new unsecured debt proposals It announced a three-month extension to payment holidays Watchdog also says overdraft borrowers could have a £500 fee-free buffer for three more months – … Read more
TSB is first bank to withdraw mortgage deals for customers with 15% deposit amid fears of a plunge in house prices By Helen Cahill, Financial Mail On Sunday Published: 21:53 BST, 13 June 2020 | Updated: 21:53 BST, 13 June 2020 TSB has become the first bank to withdraw mortgage deals for customers with a … Read more
A financier who claimed she was called ‘the tart’ by a Barclays executive has accused bank bosses of misleading her, shareholders and the market when negotiating investment deals during the 2008 financial crisis. Amanda Staveley, who runs private equity firm PCP Capital Partners, is suing the bank for £1.6 billion in damages after Barclays bosses reportedly agreed … Read more
November will mark seven years since Fast and Furious star Paul Walker died in a car crash. The late actor’s manager is suing his loan out company Vagrant Inc. for unpaid commissions, according to The Hollywood Reporter. Matt Luber and Luber Roklkin Entertainment filed documents via the LA County Superior Court Friday against Vagrant Inc … Read more
Matalan owner applies for state-backed loan – at same time as he’s being chased by HMRC over £84m tax bill By Neil Craven, Financial Mail on Sunday Published: 21:59 BST, 30 May 2020 | Updated: 22:18 BST, 30 May 2020 The super-rich owner of the Matalan clothing chain has been slammed after applying for a … Read more
Boss of one of Britain’s challenger banks hits out at Treasury for failing to include smaller lenders when it was setting up its lifeline loan scheme By Daily Mail City & Finance Reporter Published: 22:16 BST, 29 May 2020 | Updated: 22:41 BST, 29 May 2020 The boss of one of Britain’s challenger banks has … Read more
Investors lose out in £221m Norwegian deal: Airline to go in ‘hibernation’ for a year’ after securing state-backed loan By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 May 2020 | Updated: 21:50 BST, 20 May 2020 Norwegian Air has secured a £221million state-backed loan after completing a huge refinancing that virtually wiped … Read more
Gordon Ramsay takes advantage of government-backed loan scheme to save restaurant empire shuttered by the lockdown The TV chef, 53, has registered charges with Barclays against 16 companies He will take advantage of government’s Coronavirus Interruption Loan Scheme The companies are eligible for up to £5million of emergency loans each Here’s how to help people … Read more
Government launches start-up loan aid to help innovative businesses survive the pandemic By Daily Mail City & Finance Reporter Published: 22:52 BST, 19 May 2020 | Updated: 22:52 BST, 19 May 2020 The latest Government aid scheme is launching today to help innovative and high-growth businesses survive the pandemic. The £500million Future Fund will open … Read more
Think of Chancellor Rishi Sunak as a smiling salesman of payday loans, and you will begin to get the picture. ‘Yes, of course you can have the money. Happy to help!’ he says as he hands over the wads of notes. But it will not be the cheery face of Mr Sunak that you see … Read more