loans

Defaults on leveraged loans are rising as the BoE warns of the ‘challenges’ of private equity

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Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. Defaults on loans to risky borrowers, a lifeline for private equity-owned firms, have risen by 250 percent, according to the Bank of England, which warned that the sector “faces challenges in the higher interest rate … Read more

Small UK businesses are calling for new repayment terms for Covid loans

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Jess Christman, who runs a Scottish timber business, recalls banks “throwing money at him” during the Covid-19 pandemic as Rishi Sunak, then the chancellor, tried to help small businesses avoid collapse. Christman, who runs Black Isle Firewood, near Inverness, which produces firewood, sawn timber and huts for the tourism market, eventually took out a government-backed … Read more