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