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Insurers face biggest-ever losses, warns Lloyd’s chief

Pandemic could dwarf other disasters such as Hurricane Katrina, John Neal says




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Markets should beware this morally hazardous approach to policymaking

Central banks repeatedly set the stage for the next boom and bust cycle, fuelled by growing debt




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Relax tax rules on pensions access, argues Sir Steve Webb 

Former pensions minister says the crisis means greater flexibility is needed 




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Income investors face ‘dividend drought’

£3.5bn worth of dividend payments cancelled this week 




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How the coronavirus threatens Asia-Pacific’s $7tn pensions market

Sector across region hit by fears of panicked mass withdrawals due to pandemic




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Income-seeking investors face an uphill struggle 

Even dividends from stalwarts Shell and BP may be in doubt in the fallout from the Covid-19 crisis 




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More than £2bn lent under ‘bounce back’ scheme on first day

Light touch checks on UK borrowers raise fears of defaults on loans and fraud




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Black is white for Anglo Irish Bank’s long-suffering shareholders

PwC’s finest scientific minds attempt to prove banks can exist in two states at once




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Virginia candidates in a race to the bottom

The campaign has shone an unflattering light on the state of politics in America




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Fernando Pacheco, doctor and cornerman, 1927-2017

He tried to persuade Muhammad Ali to retire from the ring before it was too late




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Adidas backtracks on rent freeze after public outcry

Sportswear maker apologises but warns it cannot bear virus lockdown for long   




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Smokers stock up on tobacco and nicotine products

Legal marijuana producers also report spike in demand during lockdown 




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Revolut on the hunt for acquisitions

UK fintech plans to use recent $500m fundraising to buy rivals hit by coronavirus pandemic




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JPMorgan among new backers for paperless voting fintech

Proxymity raises $20m in spinout from Citigroup as shareholder meetings go virtual




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Loeb looks to back out of $2.6bn Global Blue deal

Hedge fund billionaire cites Silver Lake-backed company’s reliance on international travel




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Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




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Europe’s banks face a test of resilience

Since their peak almost a month ago, European banks indices have plunged 40 per cent




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Trade volumes spike at exchanges across Europe

Coronavirus-linked turmoil draws many investors out into the open




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French markets regulator backs extension of short-selling ban

AMF chairman cites uncertainty around dividends and coming downgrades to credit ratings




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Decline in UK construction activity slows in January

PMI rises to 8-month high on reduced uncertainty but downturn continues




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Coronavirus pandemic deals heavy blow to UK construction activity

Work in the sector slows at fastest rate since financial crisis




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Europe’s construction activity collapses as lockdown hits builders

Coronavirus damage to economy drives eurozone investor sentiment to a record low




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Donald Trump’s erratic diplomacy has a price

The UK’s decision on Huawei should give the US cause for reflection as much as reproach




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A Biden presidency could not turn back the clock on Trump

It is an illusion to see victory for the former US vice-president as a geopolitical calendar reset




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Coronavirus and the threat to US supremacy

Two questions serve as a reality check on excessive American declinism




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Lagardère fends off Amber Capital’s bid to replace board

Activist investor sought to take control of strategy at French group led by Arnaud Lagardère




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Non-bank lenders raise concerns over access to ‘bounce back’ loans

Alternative providers fear it will harm competition in market for loans to small business




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CVC and Blackstone in talks to invest in Italian football league

Private equity firms in separate discussions to back coronavirus-hit Serie A




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Wall Street banks face $100m of losses on Las Vegas deal

Citigroup was biggest lender but Deutsche, Barclays and SocGen are also on the hook




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Can we tackle both climate change and Covid-19 recovery?

Two experts debate whether shift to low carbon can push forward amid economic stress




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StanChart and HSBC face losses on loans to rice trader

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses




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Bakken pain reflects long road back for US shale

North Dakota’s oil sector has ‘never been through a downturn like this’




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New Sipp dealing account has no annual management fee

New Sipp dealing account has no annual management fee




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TD Waterhouse looks at direct UK market access

Service would allow retail investors to place own orders on market




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Yorkshire Building Society’s tracker-to-fixed mortgages

Fixed rate that applies in years three to five has been cut




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Santander 123 cashback credit card

Cardholders will receive 3 per cent cashback on fuel




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Santander 123 current account

New current account offers 3 per cent interest and cashback on bills




ac

Interactive Investor to return income

Online broker is revamping its charging structure




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Cashback for Santander mortgage customers

1% cashback for mortgage customers with 123 account




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How will the UK’s ‘bounce back’ loans work?

Small businesses hope the fast-track credit scheme will be a lifeline




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Final salary schemes seek breathing space

Companies running defined benefit pension schemes ask regulator to extend payment holidays




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Pearson’s latest profit warning is a teachable moment

UK-based education company is still more value trap than takeover candidate




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Ocado’s rise faces test in food security rethink

Competitive landscape is unclear as food delivery becomes a utility




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Tobacco stocks should be doing better out of enforced isolation

The default product of anxious idleness has been sidelined during pandemic




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Burford faces long wait over $1bn Argentina claim

Case linked to 2012 nationalisation of oil company proves tricky for litigation funder




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Entrepreneurship: Nubank shakes up Brazil’s banking bureaucracy

The fintech company aims to disrupt other Latin American markets with its smartphone-based services




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Santander cuts rate on 123 current account

Bank blames low-interest environment and impact of banking regulation




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Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




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How to teach your children about the stock market 

Lockdown presents a golden educational opportunity, particularly if you work in investment