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Banks under fire for coronavirus loan tactics

MPs have criticised banks for asking business owners to put their own property up to secure loans.Read More



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Reuters: Business News

American joins United, others in suspending more NYC New! 2020-04-05 22:48:21American Airlines Group Inc said late Sunday it would suspend more flights in and out of New York City's three main airports for about a month, join

Oil drops over $1 on oversupply after OPEC+ New! 2020-04-05 22:31:52Oil prices slipped more than $1 a barrel on Monday, after the world's top producers delayed a meeting to discuss output cuts that could partly allevi

Tesla engineers show ventilator prototype on YouTube New! 2020-04-05 21:35:25Engineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company's YouTube channel, as hospitals aro

Oil skids on oversupply fears, stocks jump on New! 2020-04-05 20:41:08Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as in

Wall St. looks for light at end of 2020-04-05 20:14:22Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the v

Solid chip sales unlikely to cushion Samsung's virus-hit 2020-04-05 19:34:24The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics' memory chips from laptop makers and d

Rolls-Royce to ditch targets and suspend dividend due 2020-04-05 19:23:01British aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the worl

EasyJet founder says will not inject fresh equity 2020-04-05 19:05:03Stelios Haji-Ioannou, the founder of easyJet Plc , has warned that he will not inject any fresh equity into the airline until it terminates a contract

Oil prices decline $3 a barrel as market 2020-04-05 18:51:21Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday's trading session, reflecting fears of oversupply aft

Exclusive: Silver Lake to seek more than $16 2020-04-05 18:44:36Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the econ

Boeing extends Washington state production shutdown indefinitely 2020-04-05 18:11:05Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the cor

U.S. banks to defend dividend payments in stress 2020-04-05 13:04:43U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcomin

BBC News - Business

NMC Health lender applies to court for administration 2020-04-05 14:17:08The FTSE 100 firm has been under scrutiny for alleged unauthorised financial activities.

Coronavirus: ExCel U-turns on charging NHS for hospital 2020-04-05 08:36:44The owner of the centre will now cover costs for the NHS Nightingale Hospital.

Coronavirus: Tech firms summoned over 'crackpot' 5G conspiracies 2020-04-05 05:54:40Government will tell social media firms to take down posts more quickly after attacks on masts.

Coronavirus: 'I don't want a flight voucher, where's 2020-04-03 17:05:58The airlines' trade body wants to give vouchers for cancelled flights but passengers are unhappy.

My Money: 'People have started leaving their houses 2020-04-03 17:04:41As part of a BBC blog series, Jen Smith talks us through one week as pandemic restrictions ease in Shenzhen.

Small businesses worry coronavirus loans ‘too risky’ 2020-04-03 14:30:16Owners of small businesses tell the BBC they still have concerns about the government’s loan scheme.

Coronavirus halts a decade of US jobs growth 2020-04-03 12:07:01American employers shed 701,000 jobs in March amid expectations there is worse to come.

Coronavirus: New Look delays supplier payments 'indefinitely' 2020-04-03 12:04:02The clothing retailer cancels new orders and tells firms they can pick up their stock.

Coronavirus: UK among economies risking record slump 2020-04-03 12:02:50Record falls in manufacturing and services activity point to recession, says a closely watched survey.

What does it mean to declare insolvency? 2020-04-03 10:06:41What does it mean when firms declare themselves insolvent?

China's Luckin Coffee slumps on 'fake' data news 2020-04-03 03:22:55The company said its chief operating officer and other employees had fabricated financial information.

Coronavirus: Google reveals travel habits during the pandemic 2020-04-03 02:18:07It will regularly provide updates as to what types of places people are going to during the outbreak.

Economy

Dimon sees 'bad recession' after 'bad planning' for New! 2020-04-06 09:20:01The JPMorgan Chase CEO took a veiled swipe at the Trump administration and other U.S. leaders for failing to prepare for the outbreak.

Dems find a rallying cry: Trump tanked the New! 2020-04-06 04:29:23Framing a coherent economic argument that all the party’s factions can rally around is proving thorny.

Trump’s biggest 2020 pitch disintegrates 2020-04-03 11:24:33In just weeks, the president’s challenge has morphed from building on his predecessor’s economic record to rebuilding his own.

When Can America Reopen From Its Coronavirus Shutdown? 2020-04-02 19:55:08The answer depends how you weigh human health against the economy. We asked experts how to think about the tricky calculus.

The corporate bailout doesn't include the limits Democrats 2020-04-02 12:40:48Democrats promised strict limits on what corporations can do with the half-trillion dollars in loan money they're getting. But the Fed doesn't have

How Congress will keep an eye on $2 2020-04-01 19:52:48The rescue package establishes a series of oversight tools intended to guard against corruption.

Economists pan Pelosi’s proposal to lift cap on 2020-03-31 19:28:39The move wouldn’t give the economy much of a boost, they say.

House passes $2 trillion coronavirus package — but 2020-03-27 10:57:08Republican Rep. Thomas Massie threatened to delay passage of the bill.

‘Just damage containment’: Cost of the coronavirus shutdown 2020-03-26 18:42:43Millions of Americans are out of work, most others are slashing their spending and businesses are getting crushed.

How the $2 trillion deal came together — 2020-03-26 01:14:20Inside McConnell, Schumer and Mnuchin’s race to rescue the economy.

‘Have We Learned Nothing?’ 2020-03-25 12:56:32The Dems' Christmas-tree bailout pitch isn’t going anywhere, but tells us a lot about what we might be headed for.

The unthinkable: Is it time to shut down 2020-03-24 04:30:08Even lawmakers have started suggesting it's time for Wall Street to press pause to help calm the waters.


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