Barclays Makes £2.1 Billion Bad Debt Provision In Response To Pandemic Adrian Lawrence podcast

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Barclays makes £2.1 billion bad debt provision in response to pandemic

3+ y ago 3:25

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Innehåll tillhandahållet av Adrian. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Adrian eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In today's episode Adrian Lawrence our resident financial professional talks about how Barclays bank is putting aside £2.1billion as a provision for bad debts. The UK and US economies have been badly impacted by the pandemic and the bank now expects a proportion of its lending during that time never to be repaid, as a result it is making a provision in its accounts to cover its expected losses.

Provision can sometimes be overly cautious and if that is the case then some of this provision will be released as a future profit, but there is also a good chance that the provision will be needed. Once Government support is withdrawn then businesses in the UK and USA will face a day of reckoning as businesses and individuals become insolvent.

To learn more about our services at Reporting Accounts and how you can use our site to monitor companies for free, visit https://www.reportingaccounts.com where you will find information and insights covering more than 4.8million UK companies.

… continue reading

48 episoder

#Business #Adrian #Business Intelligence #Company Accounts #Business Credit Score

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Barclays makes £2.1 billion bad debt provision in response to pandemic

Adrian Lawrence Podcast

published 3+ y ago

Dela

MP3•Episod hem

Innehåll tillhandahållet av Adrian. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Adrian eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In today's episode Adrian Lawrence our resident financial professional talks about how Barclays bank is putting aside £2.1billion as a provision for bad debts. The UK and US economies have been badly impacted by the pandemic and the bank now expects a proportion of its lending during that time never to be repaid, as a result it is making a provision in its accounts to cover its expected losses.

Provision can sometimes be overly cautious and if that is the case then some of this provision will be released as a future profit, but there is also a good chance that the provision will be needed. Once Government support is withdrawn then businesses in the UK and USA will face a day of reckoning as businesses and individuals become insolvent.

To learn more about our services at Reporting Accounts and how you can use our site to monitor companies for free, visit https://www.reportingaccounts.com where you will find information and insights covering more than 4.8million UK companies.

… continue reading

48 episoder

#Business #Adrian #Business Intelligence #Company Accounts #Business Credit Score

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