Why did overseas firms like Chanel get Bank of England coronavirus loans? By Neil Craven, Financial Mail on Sunday Published: 21:52 GMT, 9 January 2021 | Updated: 21:52 GMT, 9 January 2021 In the bag: Luxury fashion firm Chanel was one foreign firm to benefit The mammoth Bank of England loan scheme was drawn up … Read more
Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more
Taxpayer backed staggering £68.2bn in emergency loans to keep businesses afloat through pandemic By Daily Mail City & Finance Reporter Published: 21:50 GMT, 1 January 2021 | Updated: 21:50 GMT, 1 January 2021 The taxpayer has backed a staggering £68.2billion in emergency loans to keep businesses afloat through the Covid-19 pandemic. The Treasury’s lifeline loan … Read more
Virgin Money sinks to a £168m full year loss after putting £500m aside to cover bad loans By Lucy White For The Daily Mail Published: 21:51 GMT, 25 November 2020 | Updated: 21:51 GMT, 25 November 2020 Virgin Money has sunk to a full-year loss after setting aside £501million to cover bad loans. The challenger … Read more
Fears rising that crooks will launch second wave of fraud on Chancellor’s £40bn bounce-back loans scheme By Helen Cahill And Emma Dunkley, Financial Mail On Sunday Published: 21:51 GMT, 7 November 2020 | Updated: 21:51 GMT, 7 November 2020 Fears are rising that crooks are set to launch a second wave of fraud on Rishi … Read more
MARKET REPORT: ‘Legal loan shark’ Amigo left friendless after watchdog bans it from paying dividends without permission By Francesca Washtell For The Daily Mail Published: 21:51 BST, 19 October 2020 | Updated: 21:51 BST, 19 October 2020 Amigo shares sank after it was told it will not be able to pay any bonuses or dividends … Read more
Two firms linked to billionaire British steel magnate Sanjeev Gupta recieved tens of millions in emergency Covid loans despite only having 11 UK staff Greensill Capital provided funding to two companies linked to Sanjeev Gupta Payments made through Coronavirus Large Business Interruption Loan Scheme London-based lender employs former Prime Minister David Cameron as adviser By Rory Tingle … Read more
House Speaker Nancy Pelosi on Monday said the notes coming due for President Donald Trump valued at hundreds of millions pose a ‘national security risk’ for the nation. Pelosi spoke in the Capitol a day after the New York Times released its bombshell report on Trump’s finances. The report not only revealed the president paid just $750 in … Read more
Donald Trump‘s tax records show he is carrying a total of $421 million in loans and debt with a number of his properties said to be struggling financially. In a Sunday report, dismissed by the president as ‘fake news,’ The New York Times said most of that debt comes from the Doral golf resort in … Read more
Lloyds bank rapped for forcing small businesses desperate for Covid loans to open fee-paying business accounts By Lucy White For The Daily Mail Published: 22:40 BST, 8 September 2020 | Updated: 22:40 BST, 8 September 2020 Lloyds Bank has been given a slap on the wrist for forcing small businesses who were desperate for an … Read more