UK car loans and pawnbroker payments freeze extended

The Financial Conduct Authority (FCA) said on Friday that car loan, buy now-pay-later, rent-to-own and pawnbroking customers were entitled to ask to freeze or reduce payments for a further three months if they had previously requested to defer or lower payments. Asking for the support should not have any impact on their credit files, the […]

Bad debt charge overshadows trading surge at Barclays

The markets division posted a 49% rise in revenue to 2.1 billion pounds, an endorsement of the strategy adopted by Chief Executive Jes Staley, who has championed the investment banking business contrary to the wishes of activist shareholder Edward Bramson, who wants to shrink it.

UPDATE 3-Pandemic pushes Lloyds Bank into the red as bad debt fears rise

COST TO GROUP Lloyds said it had lent more than 9 billion pounds to businesses through various government-backed relief schemes and granted more than 1.1 million payment holidays to consumers hit by the pandemic, but its support of these customers “will have a cost to the group”.

Pandemic pushes Lloyds Bank into the red as bad debt fears rise

COST TO GROUP Lloyds said it had lent more than 9 billion pounds to businesses through various government-backed relief schemes and granted more than 1.1 million payment holidays to consumers hit by the pandemic, but its support of these customers “will have a cost to the group”.

See The 130 Newtown Employers Who Got Biggest PPP Loans

Abington  |  News  |  2d Abington  |  News  |  2d Coronavirus Spreading Among Youth Sports Teams In Montco Youth teams from numerous different sports have had outbreaks and are now quarantined, Montgomery County said.

HSBC first-half profit plunges 65%, warns loan losses could hit $13 billion

“Given the current high degree of uncertainty, we are continuing to monitor closely the implications on our business plan and medium-term financial targets, while also undertaking a review of our future dividend policy,” CEO Noel Quinn said in a financial statement filed with the stock exchange.

Chinese Loan: Sovereignty not defence in economic relations ― Prof Akinyemi

The former Minister who admonished African leaders to beware of what he described as propaganda of the West added: “What we should consider is the terms of engagement. We should separate that from the propaganda we are getting from the West that we should have nothing to do with China. We should be afraid of […]

HSBC profit dives 65% as warns loan losses could hit £10bn

HSBC said its total provisions against loan losses could be between $8bn (£6.1bn) and $13bn (£10bn) in 2020 – up from its April forecast due to the deteriorating global economic outlook and worse-than-expected actual losses in the second quarter.

HSBC profit dives 65% as it warns loan losses could hit £10bn

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