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Banks
Royal Bank of Scotland Group PLC’s profits almost halved by charges for
Group PLC's () profits almost halved in the first quarter of the year as it prepared for the economic effects of the coronavirus (COVID-19) pandemic.
The taxpayer-owned bank took impairment losses of £802mln, including a £628mln…
Nationwide Building Society sets aside £101mln for coronavirus-related
said it has upped its bad debt provision by £101mln due to the potential impact of the coronavirus outbreak.
The additional provision reflects an increase in expected credit losses resulting from payment holidays and the economic…
Lloyds Banking Group PLC operations chief delays retirement to help with
Chief operating officer Juan Colombás is a long-time colleague of boss Antonio Horta-Osório
PLC’s () operations director Juan Colombás has agreed to delay his retirement to help the lender through the coronavirus crisis.
The…
HSBC PLC’s exposure to Asia matters more in perception than reality,
The FTSE 100 lender's footprint in faster-growing markets such as Asia distinguishes it from many peers, the analysts said
Holdings () had its ‘sell’ sign removed by Berenberg on Thursday, as risks from coronavirus loan losses are…
Lloyds Banking Group PLC is top pick as has best prospects post-Covid19
Barclays analysts left their share price target unchanged for Lloyds, cut their targets on HSBC and Standard Chartered, and lifted the target for RBS
PLC () is the preferred UK bank share for analysts at Barclays Capital after the…
HSBC Holdings PLC ‘faces rising risks as Hong Kong becomes proxy
Analysts at Jefferies have switched preference to Standard Chartered, giving it a double-upgrade
Holdings PLC’s () Hong Kong risks have been “over-discounted” by the market, said analysts at Jefferies, downgrading their rating on the…
Lloyds Banking Group PLC, RBS and Barclays price targets cut as analysts
PLC () and its high street lending peers got a mixed reception from analysts in a review of the sector’s first-quarter performance.
After all of the big five UK bank booked higher provisions for expected coronavirus loan losses than…
is the income tide turning?
So far this year 48 FTSE 100 companies have cut or suspended shareholder payouts compared to 47 that have kept or increased their returns
Corporate dividend trends are difficult to identify, with the impact of the coronavirus having led…
Banks told to extend support for struggling borrowers by another three
"The proposals provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus"
Banks and credit providers have been told to extend payment holidays and…
Wirecard rocked as auditor EY refuses to sign off accounts over missing
The German payments processor has provided the financial backbone for countless fintech companies including Monzo, Revolut, Loot, Curve, Funding Circle and Atom
Auditor EY has refused to sign off the accounts of payments company…