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UK banks warned: don't let Covid-19 destroy good firms – business live

Rolling coverage of the latest economic and financial news, as Treasury and Bank of England demand support for British companies

Barclays is extending measures for personal banking customers and is automatically waiving interest on all arranged overdrafts from 27 March to 30 April.

It has also set up an online form for mortgage holiday applications for customers in financial difficulty, to speed up the process.
Barclays managing director Fillean Dooney said:

“It’s crucial we offer the right support to our customers through this challenging time. We have therefore decided to waive all overdraft interest until the end of April, meaning there will be no charges for customers to use their arranged overdraft.

We are reviewing all options to help customers after this time to ensure we support those in financial difficulty.”

Back in the markets, the early soaraway rally is running out of gas.

The FTSE 100 is now only 38 points up, or 0.7% – having been 4% higher in early trading.

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