Covid-19 has hit many smaller UK firms hard, but wider sources of credit and new dispute resolution mechanisms may provide a silver lining.
Western Europe
Latest articles from UK
Moody’s downgrades UK banks as pandemic bites
October 23, 2020Negative impact on creditworthiness will increase in proportion to severity and duration of crisis, says rating agency.
Western banks brace for loan loss surge
October 19, 2020Write-offs at big banks in the UK, the US and Australia are expected to rise as government stimulus expires, according to Moody’s.
Open banking UK rollout gathers pace
October 15, 2020Government-backed initiative to allow registered third-party providers access to consumers’ financial data has two million users.
UK challengers seize SME opportunity to gain ground
September 29, 2020Incumbent banks' tendency to prioritise larger clients has created a gap in the market during Covid-19 crisis.
London bridges gap between UK and China
September 24, 2020Despite the uncertain political climate, London has emerged as a hub for Chinese finance – but Brexit could yet throw a spanner in the works.
What legacy will Covid-19 leave for UK businesses and banks?
August 28, 2020The UK needs a proactive supervisor and community banks to deal with the aftermath of the pandemic, says Philip Sinel.
Despite mounting loss provisioning UK banks can take more pain, says Bank of England
August 13, 2020Bank of England estimates that the UK banking system is well capitalised enough to get through a severe recession.
UK banks ordered to plan for climate change risks by 2021
July 17, 2020Financial firms warned reporting climate-related information will soon become mandatory.
UK government to tackle tough legacy Libor contracts
July 7, 2020FCA to be given power to manage orderly transition from Libor to alternative rates.