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The Finanser’s Week: 23rd March 2020 – 29th March 2020

The main blog headlines are …

WFH? WTF? NSFW and other essentials for the home office

I saw a few people talking about the challenges of working from home over the last few days, particularly if you work for a bank. As a tech guy, I’ve been used to working  from home for over two decades. However, most people don’t work …

Extinction Rebellion wins? Coronavirus and Climate Change

I got into an online argument as I said that the coronavirus was God’s way of letting Extinction Rebellion and climate activists win. Seeing his creation of humanity destroying his creation of everything, it took divine intervention to force us to stop flying, stop manufacturing …

A bank making a mark in mad bad times

The travel bans across Europe hit last week, we were told to stay at home, we are advised to self-isolate, our children’s schooling is cancelled, the supermarkets are working with face masks and social distancing … the world has changed. As a result of so …

Doing digital with big banks

In the next few weeks Doing Digital, my newest book, will be finally live on Amazon and all good book stores. It’s the result of two years primary and secondary research and, to pay it its due, has been featured in many interviews with me …

What’s low-code all about? An interview with Mike Heffner, Appian

I don’t do many interviews on The Finanser, but had been planning a massive book launch over the next month, touring the world and spending $1000s on media engagement. Ah well. That’s all on hold until this coronavirus thing ends … Meantime, one of the major sponsors …

 

And the main news headlines are …

ABN Amro takes $200m hit from failure of a single client – Financial Times
Dutch bank was forced to close out positions at substantial loss

India’s huge outsourcing industry struggles with work-from-home scenario – Reuters
As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.

How to pay for the pandemic – Economist
The world is entering a new era of sovereign-debt management

Coronavirus pandemic has delivered the fastest, deepest economic shock in history – The Guardian
The financial crisis and Great Depression took three years to play out, this crisis has taken three weeks. The Greater Depression beckons The shock to the global economy from Covid-19 has been faster and more severe than the 2008 global financial crisisand even the Great Depression. In those two previous

UK cash usage halves within days as shops close due to coronavirus – Guardian
Fears for those without bank cards as shoppers switch to contactless to avoid virus Coronavirus – latest updates See all our coronavirus coverage Cash usage in Britain has halved in the past few days, according to Link, which operates the UK’s biggest network of ATMs. The closure of shops, a

Non-bank lenders will bear brunt of credit crisis – Financial Times
Financial risk has been pushed from banks into the shadows

Markets should brace for ‘full-on’ crisis, warns Waxman – Financial Times
Sixth Street Partners head says investors are too complacent about looming risks

Limit for contactless spending to rise to £45 at beginning of April – Guardian
Retailers say changes, designed to cut the need for contact, may take time to be implemented everywhere The contactless limit for in-store spending is to increase from £30 to £45 from 1 April as retailers cut the need for physical contact in shops amid the coronavirus epidemic. But retailers warned

Economists told us what a pandemic could do. Who listened? | Torsten Bell – Guardian
As long ago as 2006, experts were predicting what is happening today Just a few months ago, no one had heard of coronavirus. Today, it’s profoundly changing how millions of people live. Policymakers have been playing catchup, not least on how to respond to the economic crisis. But experts (the

The coronavirus is leading to a whole new way of economic thinking | Larry Elliott – The Guardian
The 1929 crash triggered a sea change. Ideas such as universal basic income suggest Covid-19 could do likewise Rishi Sunak says the measures he has announced to support the economy are without precedent in peacetime, and he’s right. Never before has the British state agreed to pay the wages of

 

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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