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Banks
Wirecard AG files for bankruptcy over threat of insolvency and
Wirecard shares tanked 70% on Thursday to below €4, having been above €100 last Wednesday
Wirecard AG has filed for insolvency after directors could not say that the company could continue as a going concern.
The German payments…
HSBC Holdings PLC and Standard Chartered PLC sink as China plans to impose
The new law, which suppsedly targets subversion, terrorism and foreign influence in Hong Kong, has sparked fears of renewed mass protests as well as an erosion of the city's status as a global financial hub
Holdings PLC () and () saw…
FTSE 100 in consolidation mode as HSBC criticised for China support
Headlines from the Proactive UK newsroom.
The FTSE 100 was in consolidation mode after this week’s strong gains ahead of US job statistics on Friday. The blue-chip index was flat at 6,385 in spite of more strong gains by Asian…
Pandemic could bring manufacturing and supply chains back to UK
's Andrew Monk says the lockdown's going to spur on a significant amount of restructuring and M&A activity as companies look to cut costs ... however he says it is much harder trying to do it from home.
''The situation works and…
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…