Things we’re reading today include … Banks welcome Chancellor’s revamp of coronavirus loan scheme CEO of Santander says bank is taking measures to limit coronavirus impact Are banks making a profit from the coronavirus crisis? Regulators offer capital break on bank loans due to pandemic U.S. banks to defend dividend payments in stress tests: FT…
The main blog headlines are … Are the big banks failing the people? I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. For example, I listened to the ideas of Curl on Thursday…
Things we’re reading today include … JPMorgan on collision course with US Treasury over rescue loans 130K inquiries, 1K loans: why UK government had to tweak help for small firms Denying coronavirus loans ‘completely unacceptable’ banks told Loan and credit card payments to be frozen for three months in UK When will U.S. economy bottom?…
Things we’re reading today include … Now the world faces two pandemics – one medical, one financial | Robert Shiller Coronavirus: Banks bow to pressure and axe shareholder payments Banks paid millions in bonuses weeks before ban on cash rewards Wall Street’s debt machine: why everyone is watching bank exposure to CLOs Six in 10…
Things we’re reading today include … Citi postpones 2020 investor day due to coronavirus outbreak Big banks left hanging after ‘disaster’ in risky loan market Barclays offers triple overtime pay for staff on coronavirus frontline UK examines ways to make writing wills easier during Covid-19 crisis Coronavirus: Millions will be left in poverty, World Bank…
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…
