Rishi Sunak orders banks to help firms amid claims they are 'profiteering' from coronavirus crisis

Rishi Sunak has told banks they must do more to help firms on the brink of collapse because of the coronavirus pandemic, as MPs hit out at 'profiteering' by financial giants. A joint-letter from the Chancellor, Bank of England governor Andrew Bailey and Financial Conduct Authority boss Chris Woodard said banks should take 'all action necessary' to pass on state support to struggling firms and consumers.