Sector Regulation Sector Regulation

Banks should stay alert to risk from Covid business failures, BOE’s Bailey says

By Fiona Maxwell
  • 08 Sep 2021 13:30
  • 08 Sep 2021 13:30
UK banks haven't yet been hit hard by loan defaults from businesses going bust due to Covid-19 difficulties, but more failures look to be on the horizon, the Bank of England's governor has warned.

Andrew Bailey told lawmakers that although repayment of government-backed loans has been higher than expected to date, hefty loan

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