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Comment—UK banks’ stability at risk as coronavirus (COVID-19) loans burden grows

Comment—UK banks’ stability at risk as coronavirus (COVID-19) loans burden grows
Published on: 03 June 2020
Published by: MLex
  • Comment—UK banks’ stability at risk as coronavirus (COVID-19) loans burden grows

Article summary

MLex: The UK banking sector looks increasingly likely to be dragged into the economic pain felt by consumers and businesses, after disbursing billions of pounds in credit for emergency coronavirus (COVID-19) loans and having to offer up to six months of payment holidays on mortgages that may turn sour. Having stepped up to be counted as consumer saviours amid the coronavirus crisis, lenders are starting to bridle at the risk they see ahead, of a deluge of defaulting borrowers. or take a trial to read the full analysis.

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