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Virgin Money UK expects pandemic stress on banks to step up later this year
Published 2 months ago
By Muvija M
(Reuters) – The boss of Virgin Money UK said on Tuesday the lender is taking a cautious approach despite turning a statutory profit in the latest quarter, with stress on customer finances from the COVID-19 crisis likely to increase later this year.
Shares in the UK’s sixth largest lender jumped 7% to 141 pence by 1337 GMT, amongst the best performers in the UK mid-cap index.
“The great majority of people – whether it was credit cards or personal loans – who are on payment holidays have resumed payment. And in the business book we’ve not seen any material losses or impairments,” Chief Executive David Duffy told Reuters.
Provided by Business Wire
McAfee: Profound Shift in Everyday Technology Highlights New Landscape of Personal Security
Consumers’ Digital-First Mindset Influenced by Shopping Habits and Desire for Convenience
News Highlights:
Online alternatives continue to replace activities in people’s lives and routines that were once in-person
2 out of 3 Americans say they’re worried about cyber risks but 1 in 3 don’t feel confident in their ability to prevent a cyber-attack
77% of Americans admitted they made changes in online activities in 2020 out of convenience
McAfee Corp. (Nasdaq: MCFE) today announced findings from its 2021 Consumer Security Mindset Report revealing that while the shift to a digital-first life was brought on by the global pandemic, U.S. consumers plan to keep it up – with online banking (61%), social engagements (56%), and personal shopping (52%), at the top of the list. With the increase in activities online, consumers are potentially
McAfee: Dramatic Shift in Everyday Life Technology Highlights New Landscape of Personal Security | National
News Highlights: McAfee: Dramatic Shift in Everyday Life Technology Highlights New Landscape of Personal Security | National
SAN JOSE, Calif .– (BUSINESS WIRE) – January 27, 2021–
McAfee Corp. (Nasdaq: MCFE) today released findings from its Consumer Security Mindset Report 2021, showing that the shift to a digital life was driven by the global pandemic, but that US consumers plan to continue – with online banking ( 61%), social engagement (56%) and personal shopping (52%) top the list. With the increase in online activity, consumers may be exposed to more cyber threats. In particular, 2 in 3 people in the US (66%) say they are concerned about current cyber risks, with 1 in 3 (29%) respondents admitting that they are not sure they can prevent a cyber attack.
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