British Banks Pursue Covid Loan Defaulters Amid Government Pressure
UKPulse Money Desk
Barclays and Starling have initiated winding-up petitions against nearly 70 companies that defaulted on Covid loans, following pressure from the government.
- British banks are cracking down on Covid loan defaulters.
- Barclays and Starling have filed winding-up petitions against almost 70 companies.
- Many of the companies targeted have reportedly never filed accounts.
British banks, including Barclays and Starling, are taking action against companies that defaulted on Covid loans. This move comes amid reported government pressure to address the issue of loan defaults. The banks have filed winding-up petitions against almost 70 companies.
A significant number of these companies have reportedly never filed accounts, according to details from the FT UK Markets.