Scheer says loan program falls short of what Canada’s oil and gas sector needs The federal government is offering bridge financing for big Canadian businesses across all sectors to help them keep employees on the payroll through the pandemic, but there are conditions attached — including a requirement that companies receiving the loans disclose their environmental plans. The large […]
Big UK banks received around 100,000 applications in a single day for a new loan scheme for small businesses. The Bounce Back Loans scheme went live on Monday, with Barclays seeing 200 applications in the first minute and Lloyds 5,000 within three hours. It offers loans up to £50,000 and is designed to be simpler
Coronavirus: UK banks get 100,000 loan applications on first dayRead More »
Less well-off sharply increase borrowing on credit cards, overdrafts and loans while wealthier households enjoy benefits of record-low mortgage rates Low-income households have racked up borrowing on loans, credit cards and other consumer debt faster than any other group since the financial crisis, leaving them over-exposed to another economic shock, according to a new study. Much