Demand for business loans during the pandemic lifts Funding Circle

Demand for business loans during the pandemic lifts profits at peer-to-peer lender Funding Circle By Daily Mail City & Finance Reporter Published: 21:51 GMT, 18 January 2021 | Updated: 21:51 GMT, 18 January 2021 Peer-to-peer lender Funding Circle said its total income in the final six months of 2020 was up 26 per cent Demand … Read more

Banks to charge 35% on emergency loans: Crippling rates loom

Banks to charge 35% on emergency loans: Crippling rates loom for firms as experts warn that new crisis in spring will be worse than 2008 Lenders have used the Chancellor’s flagship £19billion loan fund to saddle businesses with ‘usurious’ rates Businesses will face crippling repayments from March as the loans hit their one-year anniversary dates … Read more

Deutsche Bank is to sever ties Donald Trump and the Trump organization but owes $340 million loans

Deutsche Bank AG is to sever all ties with President Trump and the Trump organization according to a source with knowledge of the sudden business decision. But the bank will still be forced to deal with the Trump family and their employee for some time to come with outstanding loans of more than $300 million … Read more

Giant firms hand back billions in coronavirus loans

Giant firms hand back billions in coronavirus loans: JCB and Westfield lead the race to repay Bank of England – and British taxpayers Half of the 14 largest loans from an official list published last June have now been repaid Those seven loans were worth £4.2billion  It is understood that many smaller loans have also … Read more

Why did overseas firms like Chanel get UK coronavirus loans?

Why did overseas firms like Chanel get Bank of England coronavirus loans? By Neil Craven, Financial Mail on Sunday Published: 21:52 GMT, 9 January 2021 | Updated: 21:52 GMT, 9 January 2021 In the bag: Luxury fashion firm Chanel was one foreign firm to benefit The mammoth Bank of England loan scheme was drawn up … Read more

Mortgages reach a 13-year high: More than 100,000 loans for house purchases approved in November

Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more

Taxpayers on hook for £68bn of coronavirus loans

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

Virgin Money sinks to loss after putting £500m aside for bad loans

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

Dark web crooks scamming Chancellor’s £40bn loans scheme

Fears rising that crooks will launch second wave of fraud on Chancellor’s £40bn bounce-back loans scheme By Helen Cahill And Emma Dunkley, Financial Mail On Sunday Published: 21:51 GMT, 7 November 2020 | Updated: 21:51 GMT, 7 November 2020 Fears are rising that crooks are set to launch a second wave of fraud on Rishi … Read more

MARKET REPORT: Watchdog’s dividend curb leaves Amigo Loans friendless

MARKET REPORT: ‘Legal loan shark’ Amigo left friendless after watchdog bans it from paying dividends without permission By Francesca Washtell For The Daily Mail Published: 21:51 BST, 19 October 2020 | Updated: 21:51 BST, 19 October 2020 Amigo shares sank after it was told it will not be able to pay any bonuses or dividends … Read more