Covid-19

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Lloyds Banking Group, the owner of Bank of Scotland, has posted a £602 million pre-tax loss for the first half of this year, as the bank set aside £2.4 billion for bad loans. António Horta-Osório, chief executive of Lloyds, said that the coronavirus pandemic had a "profound

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This latest blog considers life from the perspective of SMEs and OMBs working to exit from lockdown. Much of the subject matter to date has focused on how to manage the massive uncertainties caused byCOVID-19. Hopefully, the duration and on-going impact of lockdown are beginning to clear as we move

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Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis. The allocation of funds, revealed in the lender's third-quarter results, are

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Barclays has taken a £1.6 billion hit from the coronavirus pandemic in the second quarter of this year. The lender posted pre-tax profits of £1.27 billion in the first half of the year, marking a decrease from the £3bn reported the year before.

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Scotland’s GDP is confirmed to have fallen by 2.5% during the first quarter of 2020, according to statistics announced today by Scotland's chief statistician.

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Despite business confidence rising by four points during July to -37%, the overall confidence of firms in Scotland remains low, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

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Challenger lender Starling Bank has provided £31 million of Coronavirus Business Interruption Loan Scheme (CBILS) funding to Scottish businesses throughout the coronavirus lockdown. A geographic breakdown of the bank's funding figures have revealed that £31.3 million of finance from

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