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Bank warned ministers Covid loans were fraud risk

The government was told in May its bounce back loans were at "very high risk of fraud" from organised crime.

The Bank of England's Andy Haldane says now is not the time for pessimism about the UK's recovery.

Sir Dave Ramsden said the central bank was not likely to use negative rates 'imminently'.

Silvana Tenreyro said evidence from countries that have introduced the policy was encouraging.

Deutsche Bank is joining lenders such as Mizuho Financial Group Inc. and Fifth Third Bancorp in cutting office costs.

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