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
Tens of billions of pounds of taxpayers’ money dished out as loans to keep struggling firms afloat during the pandemic are being hoarded in bank accounts instead, MPs have been told. Some £21billion – half of the total £42billion doled out by Rishi Sunak under various schemes – has yet to be used by the … 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
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
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
Mortgage borrowers dealt another blow as two major banks heavily restrict how much they will lend to homebuyers Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously NatWest also quietly reduced the amount some customers can borrow By Samantha Partington For The Daily Mail Published: 21:51 BST, 6 … Read more
Amigo Loans gets another extension until December from its own lenders on £250m finance deal The new deal will reduce the facility’s size from £300m to £250m Amigo says the waiver extension will help it understand the impact of Covid-19 Amigo must clear thousands of complaints before watchdog’s October deadline By Angelique Ruzicka For Thisismoney.co.uk … Read more
Covid loans hit £52bn: Fears firms will be saddled with debt they won’t be able to pay and taxpayer will be left to foot the bill By Daily Mail City & Finance Reporter Published: 22:01 BST, 11 August 2020 | Updated: 22:50 BST, 11 August 2020 As of August 9, the total lent to 1.2m … Read more
HSBC profits sink by 82% as loans sour: Shares plunge to lowest levels since 2009 crisis By Lucy White For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:18 BST, 3 August 2020 HSBC profits plunged more than 82 per cent as the bank warned £10billion worth of loans could turn sour … Read more