Just £1.1bn of Covid-19 bailout loans have been issued to small UK firms Critics say banks are failing to meet demand despite doubling number of loans in one week
Not even Wall Street titans know the true cost of the coronavirus crisis JP Morgan’s $8.3bn bad loan provision is steep but it’s guesswork – no one has a clue about the final bill
JP Morgan sets aside $8.3bn to cover Covid-19 losses Wall Street bank earmarks sum to cover credit cards and oil and gas sector losses
UK financial services looked gloomy even before Covid-19 crisis Banks, insurers and fund managers reported a drop in optimism, CBI survey finds
‘Banks will behave better this time than during financial crisis’ Former Virgin Money boss backs sector’s response to coronavirus as she launches Snoop finance app
Just 1.4% of firms enquiring about UK coronavirus business loans successful Business secretary Alok Sharma reveals lack of progress on government’s flagship CBILS scheme
BlackRock to advise EU on environmental rules for banks Campaigners raise concerns over investor’s financial interests in fossil fuel companies
Covid-19 pay freezes on UK loans and credit cards start today FCA rules designed to give consumers ‘breathing space’ will be extended next week
David Mortimer obituary Other lives: Manager with the Midland Bank who in retirement embraced new opportunities for study and volunteer work
Fears of crisis in UK car finance market as owners seek payments help As car sales plunge by almost half lenders offer repayment breaks or waive interest to halt ‘handbacks’
Cancelling student debt was always the right thing to do. Now it’s imperative With a global pandemic and economic depression looming, we can’t settle for half-measures. Cancel all student debt
Asic sues investment fund Mayfair 101 for allegedly misleading advertising The corporate regulator also seeks to ban the fund from promoting two products worth more than $140m
Coronavirus means a bad recession – at least – says JP Morgan boss Jamie Dimon singles out US structural problems, and warns inadequacy of emergency planning will be laid bare
Sunak’s virus bailout ‘not enough’ as the flood keeps coming Businesses from transport to steel warn they could go under unless government does more
L&G to pay £750m dividend despite Bank of England warning Regulator asked insurers to consider cancelling payouts amid looming recession