Bloomberg The UK has paid lenders £352 million ($429 million) to cover losses so far on virus loans to small businesses, a number that’s likely to grow further with £1.6 billion of further claims lodged by the lenders at the end of March. Metro Bank Plc, which lent a total of £1.4 billion under the Bounce Back Loan Scheme, ...

  Bloomberg Quilter shares surged the most on record after a report that Natwest Group Plc is considering a bid for the wealth manager. A takeover would be NatWest’s biggest deal since its bailout during financial crisis more than a decade ago. Once one of world’s largest banks, it transformed into a largely domestic retail lender and is still part-owned ...

  Bloomberg Colombia raised interest rates to the highest level since 2009 as a slump in the peso adds to inflationary pressure in Latin America’s fastest-growing major economy. The central bank increased its benchmark rate by 1.5 percentage points for a second straight month, to 9%, governor Leonardo Villar told reporters after the meeting. Six board members voted for the ...