Bank of England acts to keep banks lending through 2021

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Bank of England took steps on Friday to keep banks lending through 2021 as Britain deals with the COVID-19 pandemic and a big change in its trading relationship with the European Union.

FILE PHOTO: A worker wearing a protective face mask walks past the Bank of England in the City of London, Britain, August 6, 2020. REUTERS/Toby Melville/

Banks would not need to implement any future change until the end of 2022, and should use this flexibility to underpin lending to the rest of the economy, the Bank of England said. Banks would face challenges next year from higher unemployment and business insolvencies but were well prepared, the BoE said.

On Thursday, the BoE announced it would allow banks to restart paying dividends and executive bonuses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Aye help your buddies out to get the normal person paying the debt for years

$XRP IS COMING XRP

Why didn’t the Fake News Media, the FBI and the DOJ report the Biden matter BEFORE the Election. Oh well, it’s OK, we won the Election anyway - 75,000,000 VOTES!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

Loans Loans Latest News, Loans Loans Headlines