Barclays’ coronavirus lending meltdown continues into a second week, leaving cash-strapped businesses in despair By Lucy White For The Daily Mail Published: 22:17 BST, 11 May 2020 | Updated: 08:36 BST, 12 May 2020 Barclays’ coronavirus lending meltdown has continued into its second week, leaving cash-strapped customers in despair. A week after the launch of … Read more
On Friday, she abandoned plans to seek a government bailout to furlough 30 members of staff at her fashion brand following a major backlash. And now Victoria Beckham, 46, and her husband David, 45, risk fresh money fury as a report which alleges they took out a £10 MILLION bank loan to buy their £18 … Read more
My son has been laid off due to the coronavirus, so he contacted Suzuki Finance to arrange a one-month payment holiday. It agreed to this, but said it will charge him £51 for this month and for any subsequent months for which he may require a payment holiday; these fees will be added at the … Read more
The largest owner of Burger King franchises in United States has suggested it is looking at applying for a government loan meant for small businesses. Carrols Restaurant Group, which boasts a $145 million credit line with Wells Fargo and 1,036 stores, filed with the Securities and Exchange Commission Friday. ‘If necessary, repay indebtedness incurred pursuant … Read more
The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more
Act now if your home loan deal ends in three months as getting a new deal will take longer amid coronavirus crisis Up to 44% of borrowers could be missing out on big savings by failing to switch They are likely to be on their provider’s standard variable rate But it will take longer to … Read more
Self-employed workers caught out by the controversial ‘loan charge’ are still being chased by the taxman during the coronavirus lockdown, despite many having lost work. HM Revenue & Customs recently announced that it will not collect debts from businesses or self-employed people who find themselves in financial difficulties due to the coronavirus lockdown. But the … Read more
German prince is accused of globetrotting between his flat in Knightsbridge and mansion in Uruguay to avoid re-paying his ex-wife’s £600,000 loan Casimir Zu Sayn-WittgensteinSayn is being sued by ex-wife Corinna over a loan The judge ruled that Prince Casimir could be served with the documents by ‘alternative’ electronic means, and should now be aware … Read more
The Government’s small business coronavirus rescue loans were launched today, but some entrepreneurs say they are confused as to whether they can get help. The Coronavirus Business Interruption Loan Scheme was announced in the Budget and beefed up last week by Chancellor Rishi Sunak to sums of up to £5million, and is available through the British … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more