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Comment: UK banks not immune to losses, despite government's 'Project Birch' bailout plan

By Fiona Maxwell ( May 26, 2020, 15:33 GMT | Comment) -- The UK banking sector may yet bear the brunt of considerable losses among its business borrowers, despite government plans to rescue companies whose failure would send ripple effects through the economy.  Under "Project Birch" — a recapitalization program being considered by the Treasury department — not every business is likely to be guarded from ruin, opening the financial system up to taking a hit.The UK banking sector may yet bear the brunt of considerable losses among its business borrowers, despite government plans to rescue companies whose failure would send ripple effects through the economy. ...

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