Emergency loan plan to help small firms crippled by coronavirus

A lifeline for small firms crippled by coronavirus: Bank of England and Treasury draw up plan for emergency loans By James Salmon for the Daily Mail Published: 21:50 GMT, 4 March 2020 | Updated: 22:06 GMT, 4 March 2020 Plans to provide emergency loans to stop small firms going bust during the coronavirus crisis are … Read more

Govt to consider loan waiver for fishermen, says Uddhav Thackeray

By: Express News Service | Mumbai | Published: February 18, 2020 3:23:42 am “Detailed information about loan amount, types of loans taken by fishermen and who can be eligible for the waiver should be given. The decision will be taken after studying all these details,” Thackeray added. Chief Minister Uddhav Thackeray on Monday said the … Read more

Take out loan to avoid 50% overdraft fees, says City watchdog FCA

Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 10:35 BST, 27 January 2020 Families are being advised to take out loans … Read more

MARKET REPORT: £142m loan scam sends oil firm Lekoil nosediving 73%

The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more

The student debt dilemma: Is it worth paying off your child’s loan if you can?

Graduates are now leaving university with debts so high they are unlikely to ever pay them off — perhaps even if they go straight into a job paying £48,000. The cost of getting a degree now lumbers students with a colossal average debt of £50,000, and high interest rates mean most won’t pay it back … Read more