Businesses will need a bailout from government to get over the ‘shock’ of coronavirus, the new chief of the Bank of England said today. Andrew Bailey warned there would be ‘damage’ to the economy from the virus, saying small firms in particular would need help. With a week to go until Chancellor Rishi Sunak delivers … Read more
ASK TONY: TSB – The bank that said ‘NO’ when my frail 86-year-old mother asked to open an account so she could receive her pension By Tony Hazell for the Daily Mail Published: 22:01 GMT, 3 March 2020 | Updated: 22:01 GMT, 3 March 2020 I took my 86-year-old mother to a TSB branch to … Read more
New Bank of England governor Andrew Bailey to face court grilling over RBS scandal By Daily Mail City & Finance Reporter Published: 23:14 GMT, 3 March 2020 | Updated: 23:14 GMT, 3 March 2020 Headache: New Bank of England boss Andrew Bailey The Bank of England’s new Governor is preparing to defend himself in court … Read more
A scheme to help small businesses turned down by banks borrow from peer-to-peer and alternative finance firms has proved ‘underwhelming’ and needs an overhaul, say experts. The Government-backed Bank Referral Scheme was launched in November 2016 and requires the UK’s biggest banks to refer small and medium-sized businesses they turn down for finance to a … Read more
Fraud fund used to pay back blameless scam victims extended AGAIN as squabbling banks can’t decide on a long-term solution Seven banks including the UK’s biggest names have been funding a central pot This was initially due to run out at the end of 2019 and be replaced Banks cannot decide on a long-term solution … Read more
Make BP quit Russia, Lib Dem peer Lord Teverson urges Bank boss Carney Lord Teverson is concerned about BP’s £9.8bn stake in oil and gas giant Rosneft Tensions between Rosneft and US could damage BP’s ability to pay dividends BP dividends are relied upon by major pension funds By Harriet Dennys For The Mail On … Read more
Police clash with small group of anti-capitalist activists who target the Bank of England and London Stock Exchange on same day Green Anti-Capitalist Front staged two protests in the City Of London on Friday Group clashed with police at the Stock Exchange before Bank of England demo Video shows officers shouting at activists to ‘get … Read more