Sector Regulation Sector Regulation

UK banks still unlikely to see all Covid loans repaid, industry-led recapitalization group warns

By Fiona Maxwell
  • 08 Apr 2021 12:04
  • 08 Apr 2021 12:04
A portion of UK banks’ Covid-19 lending to companies is still unlikely to be paid back, despite government measures to allow struggling firms more time to repay, a senior member of an industry group on recapitalization warned today.

The recapitalization group, led by TheCityUK, was set up following the private sector’s “thesis” that

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