Things we’re reading today include … Mifid II influence spreads beyond EU borders Donald Trump pushes for an economic reopening Warren Buffett dumps US airline stocks, saying ‘world has changed’ after Covid-19 U.S. processes over $500 billion in small business loans to stem coronavirus fallout UK business confidence at all-time low, Deloitte report reveals Why…
Things we’re reading today include … Lloyds profits crash 95% as bank covers expected surge in bad debts Banks ‘can do more’ to compensate fraud victims How to detect business fraud Why the unemployed in America could face a lost decade Global equities dip at end of best month since ’09 Goldman Sachs pay vote…
Things we’re reading today include … Barclays may have to put aside £4.5bn to cover bad debts due to coronavirus StanChart eyes quick recovery as profit falls 12% on coronavirus crisis Barclays boss: Big offices ‘may be a thing of the past’ ‘No prospect’ of UK government selling RBS stake soon Wirecard: what KPMG’s report…
Things we’re reading today include … Coronavirus ‘will hasten the decline of cash’ Coronavirus: HSBC puts 35,000 job cuts on hold UBS profits jump 40% as wealth unit performs robustly Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable FCA tells banks advising on debt not to muscle into equity raising Economic recovery…
Things we’re reading today include … Australia’s NAB taps investors for $2.2 billion as coronavirus halves profit UBS posts 40% first-quarter net profit rise as transaction levels jump UK’s lowest paid most at risk during Covid-19 crisis, report finds How Goldman’s vampire squid gave way to BlackRock HSBC profits halved by coronavirus pandemic impact Many…
Things we’re reading today include … Bank of England probes how long banks can survive the lockdown Banks paid millions in bonuses weeks before ban on cash rewards UK economy will take three years to recover from coronavirus – EY Virgin Atlantic hires bank in search for emergency funds Coronavirus: UK banks may need to…
The main blog headlines are … The failure of government (#coronavirus) I’m really frustrated between what the government is saying, the media is reporting, the behaviour of banks, the thrust of business and the reality of life. Governments worldwide are locking down and, at the same time, saying they’re going to help citizens and business;…
Things we’re reading today include … Credit Suisse earnings boosted by tax windfall Why the euro is more durable than it looks China aims to launch the world’s first official digital currency How to think about moral hazard during a pandemic Developing world economies hit hard by coronavirus For SoftBank’s Son, coronavirus turns vision to…
Things we’re reading today include … World Bank warns of collapse in money sent home by migrant workers Top economist: US coronavirus response is like ‘third world’ country China on slow road to recovery, but recession risk is high: Reuters poll $500 billion coronavirus aid package passes U.S. Senate, headed to House Investors pull record…
