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More than a million SMEs now on £45bn of emergency loans

More than a million SMEs now on £45bn of emergency loans

The latest Treasury figures show that £45bn of government-guaranteed loans has been approved to support over one million businesses in the UK, during the Covid-19 pandemic

Top Stories

More than a million SMEs now on £45bn of emergency loans
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More than a million SMEs now on £45bn of emergency loans

08 Jul 2020Lauren Tavener
The latest Treasury figures show that £45bn of government-guaranteed loans has been approved to support over one million businesses in the UK, during the Covid-19 pandemic

More news

Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

Corporate insolvencies fall again, as lenders provide £35bn of emergency loans

Top Stories12 Jun 2020
New monthly corporate insolvency statistics out today (June 12) show a decrease in May, compared to a year ago, but this week Treasury figures also revealed businesses have borrowed just under £35bn in emergency loans
Job losses begin at retail and dining chains, as lockdown hits decisive point

Job losses begin at retail and dining chains, as lockdown hits decisive point

Top Stories12 Jun 2020
Up to 3,000 jobs could be lost across Frankie & Benny’s, while more than 500 have already been cut at the Monsoon Accessorize fashion retailer, as high street firms instigate drastic restructuring plans after the lockdown
Crisis in travel sector claims latest casualty, as coach tour operator collapses

Crisis in travel sector claims latest casualty, as coach tour operator collapses

Turnaround, Restructuring and Insolvency news12 Jun 2020
More than 2,400 jobs were lost and 64,000 bookings cancelled at The Specialist Leisure Group (SLG), owner of coach holiday operator Shearings, after EY were appointed as administrators
Freedom of information request reveals peak in housebuilder insolvencies

Freedom of information request reveals peak in housebuilder insolvencies

Turnaround, Restructuring and Insolvency news12 Jun 2020
The number of insolvencies among housebuilders are at their highest for four years, according to data obtained from the Insolvency Service
Corporates taking emergency funding forced to curb executive pay

Corporates taking emergency funding forced to curb executive pay

Top Stories19 May 2020
The Bank of England is forcing all firms planning to draw on its emergency financing facility, for a term beyond May 2021, to restrain executive pay and dividends. Companies using the funding will also be named from June 4

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Jason Wassell

“It is time for a grown-up discussion about the role of consumer credit”

28 May 2020Jason Wassell
An evidence-based discussion, led by the Treasury, is needed to define the role consumer credit lenders can play in our society and the economy’s recovery, argues The Consumer Finance Association’s Jason Wassell
Read more

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Continuity in a crisis: The UK’s largest lenders explain how they’ve transitioned to WFH polices, and supported up to 1.6million customers, during the pandemic

Continuity in a crisis: The UK’s largest lenders explain how they’ve transitioned to WFH polices, and supported up to 1.6million customers, during the pandemic

Edition’s highlights:

→ Worse than the 2008 crash? Our resident economist explains why this year’s recession could be deeper than the economic depression of 08/09

→ Covid-19 exposes the UK’s financial fragility: How coronavirus is exposing weaknesses in welfare policy and household finances

→ Putting credit invisibles on the map: How our survey with Experian revealed the regions where consumers are invisible on credit information
Read the issue

The CS Interview

Premium: Yorkshire Building Society’s Tracey Newton on scaling the lender’s reward offering to its staff

Premium: Yorkshire Building Society’s Tracey Newton on scaling the lender’s reward offering to its staff

19 Feb 2020Amber PritchardAmber Pritchard
Tracey Newton of Yorkshire Building Society discusses innovating a reward strategy to serve nearly 4,000 people, whatever stage of their life or career they are in
Read full interview

Opinion

Jason Wassell

“It is time for a grown-up discussion about the role of consumer credit”

28 May 2020Jason Wassell
An evidence-based discussion, led by the Treasury, is needed to define the role consumer credit lenders can play in our society and the economy’s recovery, argues The Consumer Finance Association’s Jason Wassell
Steve Grice

Premium: Credit scoring and coronavirus - how can we protect the most vulnerable?

28 May 2020Steve Grice
Consumers who turn to high-cost credit to cover emergency bills during the pandemic may find their credit scores are negatively impacted, even if they use it responsibly. Elevate Credit’s managing director Steve Grice explains why this unfair imbalance needs to be addressed
Chris Fitch

Premium: In ill times, we need ‘good banks’ more than ever

28 May 2020Chris Fitch
During the recession of 2008/09, much of the debate between public figures centred on the need for banks to become a force for social good. With some examples from Tesco Bank, Starling Bank and others, Chris Fitch explains how the pandemic has provided a means to fulfil that purpose
Parliamentary Reception
15 Sep

Parliamentary Reception

Houses of Parliament, London
Women in Credit Awards
5 Oct

Women in Credit Awards

Leonardo Royal Hotel, Tower Bridge, London
Credit 500 Gala Dinner
5 Oct

Credit 500 Gala Dinner

Leonardo Royal Hotel, Tower Bridge, London
Credit Summit
9 Oct

Credit Summit

QEII Centre, London

Features

Job losses begin at retail and dining chains, as lockdown hits decisive point
Share on LinkedInShare on Twitteremail

Job losses begin at retail and dining chains, as lockdown hits decisive point

12 Jun 2020Marcel LeGouaisMarcel LeGouais
Up to 3,000 jobs could be lost across Frankie & Benny’s, while more than 500 have already been cut at the Monsoon Accessorize fashion retailer, as high street firms instigate drastic restructuring plans after the lockdown

Credit 500 - an index of influence

Credit 500
Alex Ellerton

Alex Ellerton

Partner
Grant Thornton
Andrew Brameld

Andrew Brameld

Managing Director
BNP Paribas Personal Finance
Cyrille Sallé de Chou

Cyrille Sallé de Chou

Chief Risk Officer
HSBC
David Poole

David Poole

Chief Risk Officer
Brighthouse
Doriana Iovino

Doriana Iovino

Chief Risk Officer
Vive Bank
View Credit 500 Nominate for 2020

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Premium: The outlook in credit as Brexit approaches

With just weeks left before a potential disorderly exit from the EU, Credit Strategy highlights why credit professionals should be aware of consumers’ inability to absorb a shock and why younger customers could be most at risk

Economic Outlook: Eurozone growth at decade high - Professor Trevor Williams

Presentation by Professor Trevor Williams, former Chief Economist Lloyds Bank Plc, at the TRI Conference 2017

Litigation Funding: de-risking restructuring and turnaround - Maurice Power, Ferguson Litigation Funding

Presentation by Maurice Power, Ferguson Litigation Funding at the TRI Conference 2017
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Magazine digital editions

Continuity in a crisis: The UK’s largest lenders explain how they’ve transitioned to WFH polices, and supported up to 1.6million customers, during the pandemic
A broader view: Cambridge Building Society’s Victoria Stubbs explores the broadening responsibilities chief risk officers now face
The game changer: Now in charge of £23bn of public sector debt, the Cabinet Office’s Steve Coppard talks cultural change
Safe passage: How chief risk officers are navigating economic threats
Digital Fortress: Captains of Industry survey reveals FTSE executives’ fears around data protection
Fast lane: Why IFRS 9 is already accelerating debt sale activity
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