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Posts tagged as “UK”

How the UK government lost £4.9bn to Covid loan fraud

Within the closing days of April 2020, bankers and Treasury officers had been huddled over laptops in makeshift house workplaces throughout the nation, negotiating the phrases of what’s quick turning into probably the most controversial of the federal government’s pandemic rescue schemes.

UK considering bank loan plan to smooth energy cost hit

Britain’s authorities is contemplating plans to clean a pointy rise in power prices which is because of hit households in April, the BBC mentioned.

UK bank mistakenly pays out $175 million on Christmas Day

UK bank Santander got into the Christmas spirit this year by paying out a total of £130 million ($175 million) to customers by mistake on December 25.

The total payment was split over 75,000 transactions for around 2,000 corporate and commercial customers, Santander said in a statement published Thursday.
“We’re sorry that due to a technical issue, some payments from our corporate clients were incorrectly duplicated on the recipients’ accounts,” reads the statement.