Things we’re reading today include … UK payday lenders start suspending new loans in Covid-19 crisis Panic buying on wane as online shopping takes over, says bank JPMorgan plans to raise up to $10 billion for alternative investments: source UN calls for $2.5tn emergency package for developing nations AmEx to avoid job cuts as it…
Things we’re reading today include … Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse Dozens of poorer nations seek IMF help amid coronavirus crisis ECB tells euro zone banks to skip payouts as virus hits economy ‘Hell is coming’: how Bill Ackman’s TV interview tanked the markets and made him $2.6bn U.S….
Things we’re reading today include … ABN Amro takes $200m hit from failure of a single client America’s central bank is not the only one doling out greenbacks Big banks reassure staff about potential job cuts An imaginative template for dealing with the cash crunch How UK banks are offering coronavirus support to customers How…
Things we’re reading today include … Credit Suisse slashes ousted CEO’s bonus by almost £2m Banks warned against profiteering from UK coronavirus crisis India’s huge outsourcing industry struggles with work-from-home scenario Banks under fire for coronavirus loan tactics Banks and business caught out by emergency measures How to pay for the pandemic Coronavirus pandemic has…
Things we’re reading today include … UK cash usage halves within days as shops close due to coronavirus Banks, regulators move to protect customers from wave of coronavirus scams in UK, U.S. Non-bank lenders will bear brunt of credit crisis Wells Fargo to pay special compensation to front-line workers amid coronavirus outbreak Banks enjoy trading…
Things we’re reading today include … Dollar near three-year peak amid mad cash scramble Markets should brace for ‘full-on’ crisis, warns Waxman Global economy will suffer for years to come, says OECD The Fed is running out of options to stave off a coronavirus depression | Larry Elliott Tipping goes virtual as coronavirus decimates U.S….
Things we’re reading today include … UK lenders banned from repossessing homes amid coronavirus crisis EU states ‘dragging their feet’ over financial transparency, report finds Advancing bank tech ‘broadens hack attack surface’ Economists told us what a pandemic could do. Who listened? | Torsten Bell Global economy will suffer for ‘years to come’ says OECD…
The main blog headlines are … #Coronavirus, cash and the breakup of the Eurozone I’m sitting staring at the wall. It’s been a long time now since being in a face-to-face meeting, conference or catching a flight. I’m staring at the wall. Thinking. Thinking. Thinking … what’s the meaning of all this? What’s the meaning…
Things we’re reading today include … Former London bankers convicted after Germany’s ‘greatest tax robbery’ Why America’s financial plumbing has seized up ECB U-turn shows it fears coronavirus could destroy eurozone project The agonies of stock-picking in a falling market School closures in the UK are a financial catastrophe for poorer families | Torsten Bell…
