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
Ann Nilsson, Matt Carter and Ed Thomas at Mazars, the international accounting and advisory firm, have been appointed as joint trustees in the bankruptcy of Ilya Yurov and Nikolay Fetisov, the former owners of Russian bank National Bank Trust (NBT).
More than 300,000 businesses have now benefitted from £14bn in government-backed loans, according to Treasury figures, but a trade body has warned that unsustainable debt across private firms could surge beyond £100bn
The chancellor has today announced a support scheme for small businesses that will offer loans up to a maximum of £50,000, or 25 percent of their turnover, with the government paying the interest for the first 12 months
The Parliamentary Reception is the only networking event of its kind. Bringing together those who set the regulatory tone and those who implement it ‘on the ground’, Credit Strategy have created the perfect opportunity for the government to meet face-to-face with credit industry professionals.
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
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