uk banks

UK Banks Reveal the True Impact of Coronavirus

Due Diligence

Major UK banks have revealed the true extent of the coronavirus pandemic on the banking industry as they issue their reports. Leading banks such as NatWest, Barclays and HSBC have all reported loss in income and the need to set aside major figures.  NatWest Group have announced they have set aside another £2.1billion in order…

bad bank

Bank of Greece Considers Setting up “Bad Bank”

Due Diligence

The Bank of Greece, the central bank for the country, is considering setting up a “bad bank” in order to deal with sour loans that are weighing down the country’s banking industry. Thanks to the coronavirus pandemic the country has seen the number of non-performing loans (NPLs) surge at such a rate that the Bank…