Bank of England and the banks say: we are here to help through the outbreak
LONDON (Reuters) - Britain's banks are in a 'strong position' to further support an economy that will rebound from the coronavirus epidemic, the Bank of England and leading UK lenders said in a joint statement on Monday. 'Your banks are rapidly getting systems in place so if you need support, we are here to help,' BoE Governor Andrew Bailey and chairs of Lloyds, Natwest, Barclays, Virgin Money, HSBC, Santander and industry body UK Finance said. 'This is an unprecedented situation, but it will pass and the economy will rebound
LONDON (Reuters) - Britain's banks are in a "strong position" to further support an economy that will rebound from the coronavirus epidemic, the Bank of England and leading UK lenders said in a joint statement on Monday.
"Your banks are rapidly getting systems in place so if you need support, we are here to help," BoE Governor Andrew Bailey and chairs of Lloyds, Natwest, Barclays, Virgin Money, HSBC, Santander and industry body UK Finance said.
"This is an unprecedented situation, but it will pass and the economy will rebound. The Bank of England and the major banks are here to help businesses and households bridge through this difficult period and keep financial hardship to a minimum."
(Reporting by Huw Jones; editing by Guy Faulconbridge)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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