Things we’re reading today include … Bank of England paves way for negative interest rates Britain sells bonds with minus rates Top 1% of British earners get 17% of nation’s income Matalan founder suing PwC for ‘ineffective tax avoidance advice’ Crypto hedge funds struggle to rebound from ‘bloodbath’ Mastercard to allow staff to work from…
Things we’re reading today include … Coronavirus: World Bank warns 60m at risk of ‘extreme poverty’ Fiserv’s First Data pays $40 million to settle FTC charges it aided merchants’ fraud Boom for payments companies as crisis forces shoppers online Covid-19 a ‘wake-up call’ to build fairer society, says billionaire JP Morgan boss Are Britain’s banks…
Things we’re reading today include … Starling Bank struggles to get Bounce Back Loans up to speed Why the UK fell behind European peers on emergency funding Kabbage rebounds after accessing US loan programme Long-lasting global recession likely due to COVID-19, says World Economic Forum report Financial gain trumps espionage as top motivator in cyber…
Things we’re reading today include … Lloyds Bank’s isolation campaign gets frank about mental well-being Alibaba’s Jack Ma resigns from SoftBank board We will need banks to stay healthy and survive the crisis too UBS’s Iqbal Khan on shaking up world’s biggest wealth manager What did eight weeks and $3 trillion buy the U.S. in…
The main blog headlines are … Dealing with a crisis: FinTech versus Bank The chasm between start-ups and incumbents is massively exposed by coronavirus. I realised this early on, when I saw that FinTech firms who were born on the internet were far more ready for working from home than traditional banks who depend on…
Things we’re reading today include … Coronavirus: Lloyd’s of London says claims to be biggest since 9/11 How will Britain dig itself out of a £300bn coronavirus hole? How to fight an economic crisis in a monetary union Goldman Sachs to buy boutique wealth management custodian Folio Washington fires its first financial salvo at Beijing…
Things we’re reading today include … Coronavirus crisis causing ‘very sharp move into recession’, Bank of England governor warns Open Banking Europe publishes draft signature standards for bank APIs UK property market could fall 13%, housing experts predict ABN Amro slumps to loss as impairment charges pile up Banking: the great return to the office…
Things we’re reading today include … Debt should not be the only tool to get companies through Covid-19 Resurgent Wall Street disconnected from reality on the ground Bank of England could increase economic stimulus, says senior official More than 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt Will coronavirus lead to fairer…
Things we’re reading today include … Barclays still banking on climate breakdown UBS eyes digital bank licence in China Judo Bank achieves Unicorn status on $230 million fund raise Bitcoin goes through third ‘halving’, falls vs U.S. dollar Bitcoin ‘halving’: What does the much-hyped event mean? Brexit: UK-EU trade talks resume ahead of June summit
Things we’re reading today include … Unemployment due to Covid-19 is surely worth more than a footnote | Larry Elliott EU could open legal case against Germany over ECB bond-purchases ruling: Commission Andrew Bailey needs to be more convincing about the path to recovery For central banks, hope for precision fades amid pandemic uncertainty Lloyds…
