Fresh crackdown on fat cat bonuses: Firms that borrow taxpayer-backed loans will have to rein in executive bonuses By Lucy White For The Daily Mail Published: 22:51 BST, 19 May 2020 | Updated: 22:51 BST, 19 May 2020 Firms that borrow emergency taxpayer-backed loans will have to rein in executive bonuses and cancel dividend payouts … Read more
Bailed-out businesses face dividend ban and limits on executive pay as the Government QUADRUPLES the size of coronavirus loans to £200m Maximum loans available to large companies to increase from £50m to £200m But firms taking them up will have to stop paying dividends They will also face limitations on executive pay, bonuses and share … Read more
Finally! Small firms get loans they need: £5bn lent to 160,000 businesses in just three days By Lucy White For The Daily Mail Published: 21:51 BST, 8 May 2020 | Updated: 09:32 BST, 9 May 2020 Banks have handed out £5billion of ‘bounce back’ loans to Britain’s smallest businesses in just three days. Under the … Read more
Barclays £100 compensation offer to small business owners left waiting for Bounce Back loans branded ‘insulting’ By Lucy White For The Daily Mail Published: 21:51 BST, 13 May 2020 | Updated: 21:51 BST, 13 May 2020 Barclays has begun to offer compensation to customers who were left waiting over a week for their lifeline Bounce … Read more
Struggling small firms land £8.4bn of Bounce Back loans since it launched on May 4 By Lucy White For The Daily Mail Published: 23:37 BST, 12 May 2020 | Updated: 00:23 BST, 13 May 2020 Britain’s banks have now lent more than £8billion to keep the country’s smallest businesses afloat during the pandemic. In the … Read more
Barclays leaves small firms waiting for loans with many still unable to even make an application By Lucy White For The Daily Mail Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Barclays customers who are desperate for one of the Government’s new ‘bounce back’ loans are still waiting to even … Read more
At last! Lloyds ramps up Covid lending: Bank boasts it has approved £1billion worth of loans to 32,000 firms By James Salmon for the Daily Mail Published: 22:54 BST, 5 May 2020 | Updated: 23:41 BST, 5 May 2020 Lloyds approved seven times as many ‘bounce back’ loans to struggling firms in a day than … Read more
Businesses scramble to get hold of new fast-track loans, bombarding banks with more than 100,000 applications By Lucy White For The Daily Mail Published: 22:08 BST, 4 May 2020 | Updated: 22:08 BST, 4 May 2020 Struggling businesses scrambled to get hold of new fast-track loans yesterday, bombarding Britain’s biggest banks with more than 100,000 … Read more
RBS sets aside £800m to pay for bad loans as profit is dragged down almost 50% in the coronavirus slump By Lucy White For The Daily Mail Published: 21:51 BST, 1 May 2020 | Updated: 21:51 BST, 1 May 2020 Royal Bank of Scotland has set aside £802million to prepare for the coronavirus slump – … Read more
Lloyds Bank comes under fire for its ‘disappointing’ efforts to help small businesses through coronavirus crisis By Lucy White For The Daily Mail Published: 22:15 BST, 27 April 2020 | Updated: 22:15 BST, 27 April 2020 Lloyds Bank has come under fire for its ‘disappointing’ efforts to help small businesses through the coronavirus crisis. Though … Read more