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Banks
Monzo valuation could drop by 40% as customers curb spending
is reportedly in the final stages of negotiating a fresh round of funding that might see its valuation drop by 40%.
The fast-growing digital-only bank is looking to raise £70-80mln to strengthen its balance sheet, but the price of…
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…
Wirecard ex-CEO arrested in Germany after mystery of missing funds
Wirecard's former chief executive Markus Braun, who resigned last week, has been arrested in Germany after €1.9bn was found to be missing from the company's balance sheet.
The Munich prosecutor's office said Braun turned himself in…
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…
Metro Bank PLC says deposits grew in March but lending curtailed
Net loans were down £169mln over the quarter as the lender said it undertook “proactive management of lending growth”
PLC () said loans shrank 1% and deposits grew 1% in the first quarter of 2020 compared the last quarter of 2019…
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…
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…
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…
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…
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…