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Now banks are charging business fees for non-existent services

"Dwight" (2020-05-11)

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RR Media  E:  T: +44.7931.142.387Banks have been trying to squeeze extra fees out of businesses in return for helping them through the coronavirus crisis, Britain's banking regulator revealed today.  

The Financial Conduct Authority (FCA) has written to lenders warning them not to mistreat their customers after learning some were demanding cash for no actual work.

Most British banks have already been slammed for approving too few loans under the existing Coronavirus Business Interruption Loan Scheme (CBIL) that was announced last month - or force customer on to their own more expensive deals.

So far around 20,000 businesses have received loans worth a total of £3. If you have any type of questions concerning where and ways to make use of About JMK Plumbing, you can contact us at our own website. 4billion through the scheme, while £14billion has gone to large companies through a separate scheme overseen by the Bank of England. 

In the letter sent to banks today, officials from the FCA said they had 'heard credible reports of a small number of banks failing to treat their corporate clients fairly when negotiating new or existing debt facilities, as clients navigate the current exceptional circumstances'.

Banks across the City of London were warned about their copnduct today after it emerged some were trying to claim fees from customers during the coronavirus crisis without actually doing any work themselves






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With businesses struggling to survive the lockdown, many have been forced to turn to shareholders to raise extra cash.

Several listed businesses have already announced they raised millions from investors and others are eyeing up their options.

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