Daily Mail Business Articles

They have proposed contacting customers in default on two or three occasions before writing the loan off, leaving the taxpayer to cover the bill.

They are seeking to clarify in court whether Ecclesiastical Insurance should have to issue payouts to those covered by its Parish Plus insurance policies.

Acadia Healthcare said in March it had been forced to halt the sale of the business following the market turmoil caused by the coronavirus pandemic.

The prospect now is nothing like as bad as after the Second World War. The economy as a whole will recover. But as it does so there will be parts – and people – that get left behind.

Cobbold admitted the ‘hassle’ of visiting gyms with restrictions in place may be too much for some. But he said it could also drive competition for customers.

Sources said that banks were turning away customers who had taken payment holidays, months after the Government and credit agencies said there would be no impact.

City insiders have speculated that Vim Maru could be in line to replace him. David Oldfield and William Chalmers have also been named as front-runners in the race for one of the top jobs in banking.

Consultants at Alvarez & Marsal are predicting a ‘tidal wave’ of attacks from powerful shareholders who take stakes and force change at companies – often by ousting directors.

Credit Suisse analyst Szilvia Bor said the fast-fashion group may need to make considerable changes to its business model as it works to rebuild its reputation.

The slump in air travel triggered by coronavirus makes it unlikely the planes will ever fly again, according to BA. IAG believes it will take until 2023 to get back to 2019 passenger levels.