USA

Reuters exclusively reports UK’s Tide breaks ranks on crisis loan payment deferrals

Reuters exclusively reports UK’s Tide breaks ranks on crisis loan payment deferrals

Business & Finance

Reuters exclusively reported that British business lender Tide said it would not provide payment deferrals for small firms that took out state-supported loans during the COVID-19 pandemic. Tide’s decision not to offer PAYG is an early indication of how lenders are making difficult choices between their own commercial interests and those of small businesses, as unprecedented levels of support for such firms are withdrawn.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Europe

Countries: England

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Categories:
USA
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