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UK has classified $1.3 billion of COVID 'bounce back' loans as suspected fraud -source
Reuters via Yahoo News· 2 years agoThe British government is set to release data showing around 1.1 billion pounds of small business...
More than £8 billion of bounce back loans in arrears, new figures show
Evening Standard via Yahoo News· 2 years agoBusinesses are either in arrears or have defaulted on £8.4 billion of Government-backed Covid loans...
Thousands of businesses can’t afford crippling rates on taxpayer-backed Covid loans
The Independent UK via AOL· 10 months agoThousands of businesses almost crippled by the pandemic now face closure due to soaring interest...
Small business defaults a ‘danger’ to future returns, British Business Bank says
The Independent via Yahoo News· 2 years agoThe state-owned British Business Bank has warned that its returns for the year ahead could take a...
Britain's Lloyds racks up $350 million of likely scam COVID loans
Reuters via Yahoo News· 2 years agoLONDON (Reuters) -Lloyds Banking Group has been hit by more than 300 million pounds ($348 million)...
Government pays banks £1.2bn more to cover Covid loans that went sour
Press Association News via AOL· 7 months agoThe Government paid out another £1.2 billion to settle pandemic emergency loans that had gone bad...
Covid business loans ‘saved hundreds of thousands of jobs’
Press Association News via AOL· 2 years agoThree schemes that funnelled £78 billion to businesses around the UK during the coronavirus pandemic...
Rhode Islanders are taking out risky loans from online 'rent-a-banks.' How it works.
The Providence Journal via Yahoo Finance· 1 day agoThe phrase "predatory lending" conjures up images of check-cashing joints in run-down neighborhoods....
One in 12 businesses default on Covid loans, figures show
The Independent via Yahoo News· 2 years agoAround one in 12 businesses have defaulted on the Government-backed loans they took during the...
What’s in your WhatsApps, Rishi? PM urged to hand over Covid messages
The Independent UK via AOL· 11 months agoRishi Sunak has been urged to hand over his own WhatsApp messages to the Covid inquiry so crucial...