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Banks
Virgin Money UK PLC takes £232mln impairment charge for future coronavirus
Management highlighted a defensive loan book, with 82% in high-quality mortgages and 11% in business lending with no material exposures to the more immediately impacted sectors
() reported a sharp fall in underlying half-year profit…
Lloyds Banking Group PLC receives £64mln fine for mortgage failings
“In some cases, customers were treated unfairly, including vulnerable customers.”
PLC () has been hit with a £64mln fine for the way it and subsidiaries Bank of Scotland and The Mortgage Business dealt with customers falling behind…
VSA Capital rates Ferro Alloy Resources a buy, setting a 171p target
Broker has set a 171p target for Ferro Alloy Resources Ltd (), after the company raised US$300,000 in an issue of unsecured 7.5% bonds.
“This, combined with the earlier small fundraising is significant for FAR due to the current…
Royal Bank of Scotland Group PLC quarterly update to end the week after
The UK manufacturing PMI reading is also on the diary on May Day but no big changes are expected
It is May Day on Friday, and the week will end with Group PLC () being the last of the FTSE 100-listed banks to post a first-quarter…
HSBC Holdings PLC and Standard Chartered PLC back imposition of Chinese
The new laws have attracted criticism from international human rights groups as well as opposition politicians in Hong Kong, who fear they will be used to silence opposition to the Chinese Communist Party
Holdings PLC () and () have…
Barclays Plc has arranged over £7bn of business lending amid coronavirus
Comments at today's AGM follows scrutiny over the bank's handling of 'Bounce Back' online loan applications yesterday.
() told investors it has arranged some £7bn of lending for corporate clients in the UK in recent weeks.
The…
China to remain key to global economy says VSA’s Andrew Monk, despite
What does the future hold in the eyes of Andrew Monk, the onetime progenitor of Blue Oar Securities, Oriel Securities, and the current driving force behind ?
There’s certainly a Chinese flavour to it, that much is clear enough,…
Bank bosses predict long-term working from home trend
“The notion of putting 7,000 people in a building may be a thing of the past,” says Jes Staley
Alongside the bank’s hefty loan write-downs due to coronavirus in the first quarter, () boss Jes Staley also casually tossed a grenade over…
Tally Limited sees surge in demand for its updated digital bank app
Digital bank Tally Ltd said it had to suspend a new subscriber drive in February because the take-up was so great.
Tally offers an online bank account backed by physical gold and following the launch of its Version 2.0 in January was…
Lloyds Banking Group PLC forecasts cut by Jefferies ahead of interim
“The company has a competitive moat around costs,” the analysts said, but “no moat around revenue”
PLC () does not have the best mix of business among its peers for the current coronavirus-affected market backdrop, analysts at…