Banks in Europe will delay mortgage payments for coronavirus victims

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Banks in Europe will delay mortgage payments for coronavirus victims
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A leading UK bank said customers who fall into financial difficulty as a result of coronavirus can ask for their mortgage or loan payments to be delayed. Meanwhile, in Italy, the economic ministry said that mortgage payments would be suspended.

Royal Bank of Scotland , a leading UK bank, said Tuesday that customers who fall into financial difficulty as a result of the coronavirus can ask for their mortgage or loan payments to be delayed for up to three months.Could coronavirus shut Wall Street? Banks begin moving staff outIn Italy, which is suffering the biggest coronavirus outbreak outside China, the economic ministry said Tuesday that mortgage payments would be suspended.

Prime Minister Giuseppe Conte announced late Monday that quarantine measures would be extended across the country, putting the world's eighth largest economy under a partial lockdown.Italy is under partial lockdown. Some big companies say it's 'business as usual'The United Kingdom has reported more than 270 coronavirus infections and six deaths. The government has asked travelers who have been to Italy, Iran, as well as parts of South Korea and China, to isolate themselves.

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