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Pandemic is putting banks’ resilience to the test

Regulators must ensure that lenders’ defences are sufficiently robust




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Bankrupt Lebanon’s turn to IMF is overdue

A bailout is the Mediterranean country’s only option to refloat its sinking economy




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Central banks ‘hesitant’ on digital currencies, says ex-governor

Christian Noyer believes projects available to consumers are a way off yet




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Banks fear Ion/Broadway deal will push up forex fees

Acquisition allows group to build bigger share of the $6.6tn-a-day market




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Banks press exchanges for virus contingency plans

Industry associations demand detail to manage risk of trading from home




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Neiman Marcus creditor eyes online business in bankruptcy fight

Hedge fund calls for court investigation into 2018 transfer of MyTheresa




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Gupta completes acquisition of bankrupt Indian steelmaker

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle




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England bans sale of coal and wet wood to improve air quality

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021




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‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




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Whether they raise or hold, central bankers are due a fall

In future it may have to be budget stimulus that rides to the rescue




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Hidden costs of Anbang’s spending spree

China looks set to pour billions in national savings down a black hole




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South African Airways seeks bankruptcy protection

First state company to enter business rescue since end of apartheid




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Vodafone targets Africa’s unbanked with plans for M-Pesa

Telecoms group seeks to turn mobile payments unit into provider of wider services




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Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering




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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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SoftBank: back to buybacks

Japanese tech group’s splurge on its own shares is not enough to impress investors




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Short bans/market closures: they amplify panic

Trading restrictions did not work in the past; there is less reason for them to work this time




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SoftBank: money gobbler

The Japanese tech investment group is looking increasingly challenged




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Evictions ban aims to help tenants in rented homes

Emergency move to prevent people being thrown out because of virus




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2.7m properties dragged into higher stamp duty band 

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band




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Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




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UK housing market put on hold after plea from banks

Coronavirus lockdown hits lenders’ ability to offer mortgages and evaluate properties




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Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




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Bank of Mum and Dad enters the bailout business

As young renters feel the pain, parents are having to bridge the financial gaps




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Force banks to take on more capital, says Sajid Javid

Former chancellor urges lenders to keep credit flowing and not just weather the storm




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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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When the banks closed in Wuhan, nobody cared

Wuhan and the future of banks; digital insurance with Artificial; Robinhood’s $8.3bn valuation




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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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European countries ban short selling after markets plunge

‘We are ready to go further,’ says French minister after issuing temporary prohibitions




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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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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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Hedge fund bear takes aim at central banker ‘fruit loops’

Horseman Capital’s Russell Clark has sold his holdings in government bonds




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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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Pension Regulator urged to abandon funding review

Covid-19 pandemic increases problems for retirement schemes already in deficit




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Latam banks: flying down to Rio

Future of finance: Brazil’s main Latin rival for the attention of emerging market fund managers is Mexico




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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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Coronavirus boosts digital banking as Argentines lose fondness for cash

SoftBank-funded fintech challenger Ualá expands rapidly amid the pandemic




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Retired customers find it harder to break up with their bank  

Finding a good credit card deal when you’re older is more difficult




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Coronavirus: Small business loan scheme capped for US banks — as it happened

In today’s news: UK warns it would be ‘irresponsible’ to discuss easing lockdown. Spain sets out plan to lift its own tough measures. Donald Trump signals a halt to his daily media briefings as US death toll accelerates.

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China close to abandoning ChemChina and Sinochem merger

Deal to create one of world’s biggest chemicals groups beset by management clashes




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Banks’ call for Iofina coup slated as ‘self-serving’

Iodine producer rejects Brexiter’s coronavirus play as ‘probably not very educated’




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Banked picks up £2.35M seed to use open banking for account-to-account payments

Banked, a London-based fintech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding. The round was led by Force Over Mass, with participation from previous investors Backed and Acrew Capital, along with a number of high-net-worth individuals, such as Paul Forster (co-founder of Indeed.com). It […]




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UK investors band together to survey Angels on their strategy during COVID-19

A number of UK entrepreneurs have banded together to survey Angels about their investment strategy. The initiative comes in the wake of the UK government’s “Future Fund” for startups, which has been criticized as being inadequate for the needs of Angel and Seed-stage startups. The group hopes the survey will give the UK early-stage investment […]




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Countingup scores £4M bridge round for its small business banking and accounting app

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]




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Cuckoo Internet closes seed funding to disrupt UK broadband market

Cuckoo Internet is a new U.K. startup that aims to disrupt the U.K. broadband market. It has now raised £470,000 in seed funding, which includes funding from work.fund, a new Silicon Valley fund operator fund led by Bart Macdonald (Sapling founder). Other investors include Lorin van Nuland (early investor in Betterment), Edward Campbell-Harris (Bulb early […]




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World Bank’s pandemic bond failure; ESG shakes virtual AGM agendas; BlackRock’s green Fed fight

Your guide to the investment and business revolution you can’t afford to ignore




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Intel to buy smart urban transit startup Moovit for $1B to boost its autonomous car division

Some big M&A is afoot in Israel in the world of smart transportation. According to multiple reports and sources that have contacted TechCrunch, chip giant Intel is in the final stages of a deal to acquire Moovit, a startup that applies AI and big data analytics to track traffic and provide transit recommendations to some […]




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Confirmed: Intel is buying urban mobility platform Moovit in a $900M deal

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division. The chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at […]




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Silver can offer more bang for your buck

Metal offers protection from sledgehammer approach to quantitative easing




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Can I increase divorce payments from my ex-husband?

I am approaching retirement age with very little pension to live on